Kenny Enterprises will issue a bond with a par value of $1,000, a maturity of...
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Accounting
Kenny Enterprises will issue a bond with a par value of $1,000, a maturity of twenty years, and a coupon rate of 7.3% with semiannual payments, and will use an investment bank that charges $20 per bond for its services. What is the cost of debt for Kenny Enterprises at each of the following four market prices?
a.$909.03
b.$1,001.48
c.$1,067.50
d.$1,168.97
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