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Cost of debt with fees Kenny Enterprises will issue a bond with a par value...

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Finance

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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 124% with semiannual payments, and will use an investment bank that charges $30 per bond for its services. What is the cost of debt for Kenny Enterprises at the following market prices? a. $940.56 b. $1,009.10 c. $1,053.95 d. $1,165.49 a. What is the cost of debt for Kenny Enterprises at a market price of $940.56? % (Round to two decimal places.)

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