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Carlson Companies is calculating it's overall cost of capital. Carlson has outstanding bonds with a 6% annual coupon, and a yield to maturity of 5%.

Carlson Companies is calculating it's overall cost of capital. Carlson has outstanding bonds with a 6% annual coupon, and a yield to maturity of 5%. Given a marginal tax rate of 35%, what is Carlson's after-tax cost of debt

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