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Question: A company's current balance sheet shows three different types of long-term debt. One is $50,000 at the interest rate of 12%; another is $30,000 at 8%. The last one is $20,000 at 6%. What is the overall interest rate of this company? The response must be typed, single spaced, must be in times new roman font (size 12) and must follow the APA format.

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