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Royal Jewelers Inc. has an aftertax cost of debt of 5.00 percent. With a tax rate of 35 percent, what can you assume the yield

Royal Jewelers Inc. has an aftertax cost of debt of 5.00 percent. With a tax rate of 35 percent, what can you assume the yield on the debt is? (Do not round intermediate calculations. Input your answer as a percent rounded to 2 decimal places.)

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