answer fast Ill gibe thumbs up Kenny Enterprises has just issued a...
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answer fast Ill gibe thumbs up
Kenny Enterprises has just issued a bond with a par value of $1,000, a maturity of twenty years, and a coupon rate of 11.8% with semiannual payments. What is the before tax cost of debt for Kenny Enterprises if the bond sells at $1041.78? (answer in percentage, round up to two decimal places, for example if answer is 12.34% then type 12.34)
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