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Vitrox is rated AA, and its bond is trading at 1.5% above the government bond yield of 3.0% yield. Your banks experience is that the

Vitrox is rated AA, and its bond is trading at 1.5% above the government bond yield of 3.0% yield. Your banks experience is that the recovery rate in the event of default is 75%.

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Based on market-premium analysis, perform a credit evaluation on Vitrox. Give a brief comment on the results.

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