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Telecom Systems can issue debt yielding 7 percent. The company is in a 30 percent bracket. What is its aftertax cost of debt? (Input your

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Telecom Systems can issue debt yielding 7 percent. The company is in a 30 percent bracket. What is its aftertax cost of debt? (Input your answer as a percent rounded to 2 decimal places.) X Answer is complete but not entirely correct. Aftertax cost of debt 8.40 x %

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