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

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Finance

Cost of debt with fees. Kenny Enterprises will issue a bond witha par value of ?$1,000?, a maturity of twenty? years, and a couponrate of 8.6?% with semiannual? payments, and will use an investmentbank that charges ?$30 per bond for its services. What is the costof debt for Kenny Enterprises at the following market? prices?

a.???$920.06

b.???$1,008.58

c.???$1,092.49

d.???$1,170.24

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Cost of debt with fees. Kenny Enterprises will issue a bond witha par value of ?$1,000?, a maturity of twenty? years, and a couponrate of 8.6?% with semiannual? payments, and will use an investmentbank that charges ?$30 per bond for its services. What is the costof debt for Kenny Enterprises at the following market? prices?a.???$920.06b.???$1,008.58c.???$1,092.49d.???$1,170.24

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