Suppose the risk-free rate is 3.5%, on average, an AAA-rated corporate bond carries a credit spread of 0.3%, an A-rated corporate bond carries a credit spread of 1.1%, and a B-rated corporate bond carries a credit spread of 3.9% mpany XYZ's outstanding debt is rated B8B by rating agencies. What would be the cost of debt for XYZ based on prevailing market rates? Multiple Choice Prev 6 of 10 Next > 20 FS OOD F4