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D Question 46 2 pts XYZ Corporation's bonds are priced for a yield to maturity of 4.0% and have a rating of BB. According to

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D Question 46 2 pts XYZ Corporation's bonds are priced for a yield to maturity of 4.0% and have a rating of BB. According to the rating agency, the historical yearly default rate of BB bonds has been 2.3%, and bondholders have typically lost 80% of their value. Which of the following is an estimate of XYZ's cost of debt from this information? O 1.22% o 182 0 2.396 O 1.87% O 2.16% . 2 pts

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