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  3. please explain 3. cost of debt. kenny enterprise

please explain 3. Cost of debt. Kenny Enterprises has just issued a bond...

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3. Cost of debt. Kenny Enterprises has just issued a bond with a par value of $1,000, a maturity of twenty years, and an 8% coupon rate with semiannual payments. What is the cost of debt for Kenny Enterprises if the bond sells at $920? Format: \#.\#\#\% A

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