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Walmart can issue debt yielding 9 percent. The company is paying at a 35 percent tax rate. What is the after-tax cost of debt? don't

Walmart can issue debt yielding 9 percent. The company is paying at a 35 percent tax rate.

What is the after-tax cost of debt? don't round intermediate calculations, and round the final answer to 2 decimal places.

Cost of debt:_______%

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