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Problem 11-4 Aftertax cost of debt (LO11-3] Telecom Systems can issue debt yielding 4 percent. The company is in a 40 percent bracket. What is

Problem 11-4 Aftertax cost of debt (LO11-3] Telecom Systems can issue debt yielding 4 percent. The company is in a 40 percent bracket. What is its aftertax cost of debt? (Input your answer as a percent rounded to 2 decimal places.) Aftertax cost of debt %

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