and you believe Rite Aid's bonds have a beta of 0.35. The expected loss rate of these bonds in the event of default is 59%. a. What annual probability of default would be consistent with the yield to maturity of these bonds in mid-2009? b. In mid-2015, Rite-Aid's bonds had a yield of 6.9%, while similar maturity Treasuries had a yield of 1.2%. What probability of default would you estimate now? a. What annual probability of default would be consistent with the yield to maturity of these bonds in mid-2009? The required return for this investment is \%. (Round to two decimal places.) The annual probability of default is \%. (Round to two decimal places.) b. In mid-2015, Rite-Aid's bonds had a yield of 6.9%, while similar maturity Treasuries had a yield of 1.2%. What probability of default would you estimate now? The probability of default will be %. (Round to two decimal places.)