Consider a 1-year zero-coupon bond that is subordinated and has a CCC rating. The historical recovery rate on subordinated bonds has been 8.1% and the historical default probability on CCCrated bonds has been 21.4%. The promised yield on a 1-year zero-coupon Treasury bond is 4.4%. All rates are annualized assuming periodicity of 1 (i.e. annual compounding). What should be the promised yield on the CCC-rated bond based on the historical information provided? (If your solution is 4.44% then enter " 4.44 " as the answer. Precision is 0.01+/0.02.)