Question TT Mart's outstanding Syear bonds has a 5% yield-to-maturity. The default probability is 4,5% and the expected loss rate given default is 65% You are given that the market rate of return is expected to be 9.5% and the risk-free interest rate is 1.5% Determine the beta of TT Mart's bonds. Possible Answers A 0.04 0.05 0.06 D 0.07 E 0.08