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Cost of debt with fees. Kenny Enterprises will issue a bond with a par value of $1,000, a maturity of twenty years, and
Posted: Fri Jul 01, 2022 7:42 am
by answerhappygod
- Cost Of Debt With Fees Kenny Enterprises Will Issue A Bond With A Par Value Of 1 000 A Maturity Of Twenty Years And 1 (65.71 KiB) Viewed 44 times
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 7.2% 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? a. $954.26 b. $991.17 c. $1,063.92 d. $1,188.14 a. What is the cost of debt for Kenny Enterprises at a market price of $954.26? % (Round to two decimal places.)