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Use the following information to answer the question(s) below. Consider the following information regarding corporate bonds: Wyatt Oil has a bond issue outstanding with seven
Use the following information to answer the question(s) below. Consider the following information regarding corporate bonds: Wyatt Oil has a bond issue outstanding with seven years to maturity, a yield to maturity of 5.8%, and a BBB rating. The bondholders' expected loss rate in the event of default is 72%. Assuming a normal economy the expected return on Wyatt Oil's debt is closest to (\%) (2 decimal places)
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