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Pogo Stick Co can issue debt yielding 9 percent. The company is paying at a 25 percent tax rate. What is the aftertax cost of

Pogo Stick Co can issue debt yielding 9 percent. The company is paying at a 25 percent tax rate. What is the aftertax cost of debt? (Do not round intermediate calculations. Round the final answer to 2 decimal places.) Cost of debt %

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