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Question 6 (1 point) A firm has $3 Billion in debt outstanding with a yield to maturity of 5%. The firm pays taxes at the

Question 6 (1 point) A firm has $3 Billion in debt outstanding with a yield to maturity of 5%. The firm pays taxes at the rate of 31%. What is the firm's effective (after-tax) cost of debt? [Enter your answer as a percentage rounded to two decimal places.] Your Answer: Answer units

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