Consider the following in formation regarding corporate bonds:

|Rating |AAA |AA |A |BBB |BB |B |CCC |Average Default Rate |0.0% |0.0% |0,2% |0,4% |2.1% |5.2% |9.9% |Recession Default Rate |0.0% |1.0% |3.0% |3.0% |8.0% |16.0% |43.0% |Average Beta |0.05 |0.05 |0.05 |0.10 |0.17 |0.26 |0.31 Market . . . . . Total Enterprise Equity Debt Company CapltaIIsatIon Value ($mm) Beta Rating (5mm) Taggart |Transcontinental |$4'500 |3'000 |l'1 |BBB |Rearden Metal |$3,800 |7,200 |1.3 IAAA |Wyatt Oil |$2,400 I3.800 |0.9 |A |Nie|son Motors |$1,500 |4,400 |1.75 |BB