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Telecom Systems can issue debt yielding 11 percent. The company is in a 35 percent bracket. What is its aftertax cost of debt? (Input your

Telecom Systems can issue debt yielding 11 percent. The company is in a 35 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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