What is the cost of debt for kenny enterprises at the, Financial Management

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What is the cost of debt for kenny enterprises at the

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 9.5% 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. $973.06 b. $1,006.62 c.$1,047.60 d. $1136.95

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