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In mid-2009, Rite Aid had CCC-rated, 10-year bonds outstanding with a yield to maturity of 17.3%. At the time, similar maturity Treasures had a yield of 2%. Suppose the market risk premium is 5% and you believe Rite Aid's bonds have a beta of 0.38yThe expected loss rate of these bonds in the event of default is 58% a. What annual probability of default would be consistent with the yield to maturity of these bonds in mid-2009? b. In mid-2015, Rite Aid's bonds had a yield of 6.7%, while similar maturity Treasures had a yield of 1,6%. What probability of default would you estimate now? a. 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 % (Round to two decimal places.)