3. Cost of debt. Kenny Enterprises has just issued a bond with a par value b$1,000, a maturity of twenty years, and an 8% coupon rate with semiannual payments. What is the cost of debt for Kenny Enterprises if the bond sells at the following prices? What do you notice about the price and the cost of debt? a. $920 b. $1,000 c. $1,080 d. $1,173
3. Cost of debt. Kenny Enterprises has just issued a bond with a par value b$1,000, a maturity of twenty years, and an 8% coupon rate with semiannual payments. What is the cost of debt for Kenny Enterprises if the bond sells at the following prices? What do you notice about the price and the cost of debt? a. $920 b. $1,000 c. $1,080 d. $1,173
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Please just answer question D ONLY ........ for the amount of $1,173 ONLY
PLEASE ONLY ANSWER QUESTION
D..... Only for $1173 amount ONLY I have answered the other questions already
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