In mid-2009, Rite Aid had CCC-rated 16-year bonds outstanding with a yield to maturity of 17.3%. At the time, similar maturity Treasuries had a yield of 4%. Suppose the market risk premium is 6% and you believe Rite Aid's bonds have a beta of 0.34. The expected loss rate of these bonds in the event of default is 52%. What annual probability of default would be consistent with the yield to maturity of these bonds in mid-2009? 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 %. (Do not round until the final answer. Then round to two decimal places.) The annual probability of default is % (Do not round until the final answer. Then round to two decimal places.) Enter your answer in each of the answer boxes