Question: Problem 1 1 - 4 ( Algo ) Aftertax cost of debt [ LO 1 1 - 3 ] Telecom Systems can issue debt yielding

Problem 11-4(Algo) Aftertax cost of debt [LO11-3]
Telecom Systems can issue debt yielding 12 percent. The company is in a 40 percent bracket. What is its aftertax cost of debt?
Note: Input your answer as a percent rounded to 2 decimal places.

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