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what is the cost of debt for kenny enterprises at the following markst prices? a. $963.59 b. $1,014.85 c. $1,062.32 d. $1,167.13 Cost of debt

what is the cost of debt for kenny enterprises at the following markst prices?
a. $963.59
b. $1,014.85
c. $1,062.32
d. $1,167.13
image text in transcribed
Cost of debt with fees. Kenny Enterprises will issue a bond with a par value of $1,000, a maturity of twenty years; and a coupon rate of 10.9% with semiannual payments, and will use an investment bank that charges $30 per bond for its services. What is the cont of debt for Kenny Enterprises at the following market prices? a. $963.59 b. 51,014.85 c. $1,062.32 d. $1,167,13 a. What is the cost of dobt for Kenny Enterprises at a market price of $963.69? (Round to two decimal places.)

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