17. Consider the following information regarding corporate bonds: Rating AAA AA A BBB BB B CCC Average Default Rate 0.0% 0.1% 0.2% 0.45% 2.2% 5.5% 12.2% Recession Default Rate 0.0% 1.0% 3.0% 3.0% 8.0% 16.0% 48.0% Average Beta 0.05 0.05 0.05 0.10 0.17 0.26 0.31 Equity Beta Market Total Capitalization Enterprise Company ($mm) Value ($mm) Taggart Transcontinental 4500 8000 Rearden Metal 3800 7200 I Wyatt Oil 2400 3800 Nielson Motors 1500 4400 1.1 Debt Rating BBB AAA BB 1.3 0.9 1.75 (2 pts) What would your estimate of the debt beta for Rearden Metal be? (5 pts) What would your estimate of the asset beta for Rearden Metal be