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12. Suppose 10-year T-bonds have a yield of 4.30% and 10 -year corporate bonds yield 7.35%. Also, corporate bonds have a 0.75% liquidity premium versus

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12. Suppose 10-year T-bonds have a yield of 4.30% and 10 -year corporate bonds yield 7.35%. Also, corporate bonds have a 0.75% liquidity premium versus a zero liquidity premium for T-bonds, and the maturity risk premium on both Treasury and corporate 10 -year bonds is 1.15%. What is the default risk premium on corporate bonds

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