Question: Strewth Mines' long-term bond issues are rated Baa by the ratings agency Moody's. The graph below shows the average 'spread' (or difference) between the yield

Strewth Mines' long-term bond issues are rated Baa by the ratings agency Moody's. The graph below shows the average 'spread' (or difference) between the yield on bonds issued by companies rated Baa and the risk-free rate of interest between 1994 and 2023. What are the implications for Strewth Mines' management of its WACC

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