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What is the cost of debt for Deep State Inc. if its debt consists of 10-year bonds rated BBB-? 7.2% 8.8% 9.1% 8.6% 7.7% 3

What is the cost of debt for Deep State Inc. if its debt consists of 10-year bonds rated BBB-?

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7.2%

8.8%

9.1%

8.6%

7.7%

3 yr 10 y 30 y Rating AAA AA+ AA AA- A+ . A A- BBB+ BBB BBB- Corporate spreads 5 yr 15 22 30 20 32 40 30 37 50 35 45 55 45 58 65 58 65 75 79 85 88 110 118 128 132 141 153 159 169 185 55 60 65 70 79 90 108 151 182 220 Treasury Yield 5.00% 5.19% 5.30% 5.43%

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