in mid-2009, Rite Aid had CCC-rated, 17-year bonds outstanding with a yield to maturity of 17.3%. At the time, similar maturity Treasures had a yield of 5% Suppose the market risk premium is 6% and you believe Rite Ald's bonds have a bota of 0.34. The expected loss rate of these bonds in the event of default is 54% What annual probability of default would be consistent with the yield to maturity of these bonds in mid-2009? What arnust probability of default would be consistent with the yield to maturity of these bonds in mid-20097 The required return for this investment is 4.34 (Do not round until the final answer. Thon round to two decimal places.)