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A company has debt with interest payments of 5.94% and the ability to borrow more money at 6.22%. What is their cost of debt (Kd)?

A company has debt with interest payments of 5.94% and the ability to borrow more money at 6.22%. What is their cost of debt (Kd)? (Enter your answer as a percent with 2 decimal places but without the % symbol. For example, if you compute 25.00%, enter 25.00)

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