Consider the following information regarding corporate bonds AAA AA A BRB BB B CCC Average Detect Rate 0.0% 0.29 0.5 22 5.5 12.2% Recession Default Rate 0.00 LO 30% 204 8.00 16.06 480 Average Beta 0.05 0.05 0.05 0.10 0.17 0.26 0.31 Wyatt Ol has a bond issue outstanding with seven years to maturity ayield to maturity of 70% and a rating The bondholdes expected loss rate in the event of default is 70%. Assuming the economy is in recession then the expected return on Wyatt Os debitis Please wree percentages a number with two decimal places, nosieg write 12.34W a 12.347