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15 2 points Suppose Alcoa's bonds have a credit rating of BBB. If the credit spread over 10-year Treasures for BBB debtis 40% and the

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15 2 points Suppose Alcoa's bonds have a credit rating of BBB. If the credit spread over 10-year Treasures for BBB debtis 40% and the 10-year Treasury rate is currently 4 2%, what is the best estimate of Alcos's pre-tax cost of debt? Enter your answer as a decimal and show 4 decimal places. For example, if your answer is 45SX,enter 0455. Type your answer Previous Next

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