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 7.0%,and a BBB rating.The bondholders' expected loss rate in the event of default is 70%.Assuming the economy is in recession,then the expected return on Wyatt Oil's debt is closest to:
Definitions:
Relevant Information
Data or facts closely related to the matter at hand, contributing to a meaningful understanding or decision-making process.
Higher Education
An advanced level of study undertaken after completing high school, typically at colleges or universities.
Vocational Domain
The field or area of work and career, often focused on specialized skills and education for particular jobs or professions.
Stereotypic Kind
Categories of people or things based on oversimplified and generalized traits or characteristics.
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