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a Suppose Alcoa's bonds have a credit rating of BBB. If the credit spread over 10-year Treasuries for BBB debt is 5.9% and the 10-year

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a Suppose Alcoa's bonds have a credit rating of BBB. If the credit spread over 10-year Treasuries for BBB debt is 5.9% and the 10-year Treasury rate is currently 7.0%, what is the best estimate of Alcoa's pre-tax cost of debt? Enter your answer as a decimal and show 4 decimal places. For example, if your answer is 4.55%, enter .0455. Type your

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