Use the following information to answer the question(s) below. Consider the following information regarding corporate bonds:

Rating

AAA

AA

A

BBB

BB

B

CCC

Average Default Rate	0.0%	0.1%	0.2%	0.45%	2.2%	5.5%	12.2%
Recession Default Rate	0.0%	1.0%	3.0%	3.0%	8.0%	16.0%	48.0%
Average Beta	0.05	0.05	0.05	0.10	0.17	0.26	0.31

Company	Market Capitalization ($mm)	Total Enterprise Value ($mm)	Equity Beta	Debt Rating
Taggart Transcontinental	4500	8000	1.1	BBB
Rearden Metal	3800	7200	1.3	AAA
Wyatt Oil	2400	3800	0.9	A
Nielson Motors	1500	4400	1.75	BB

Your estimate of the asset beta for Wyatt Oil is closest to:

		0.66.
		0.71.
		0.59.
		0.90.