What is the cost of debt for Kenny Enterprises

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Question - 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 8.9% with semiannual payments, and will use an investment bank that charges $25 per bond for its services. What is the cost of debt for Kenny Enterprises at the following market prices?

Reference no: EM133137673

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