The rating agency has revised Catalytic Concept’s bond rating to A (use Table 2.2). What interest rate, approximately, would the company now need to pay on its bonds? (Enter your answer as a percent rounded to 2 decimal places.) interest rate …………………%

AAA	2.59
AA	2.62
A	3.03
BBB	4.32
BB	5.62
B	8.32