4) The Alcoa 4.750% October 2028 bond is priced to yield 13.760%. The 4.750% October 2028 Treasury Bond is priced to yield 9.500%. The market assumes an 9.012% probability of default on the Alcoa bond. To the nearest basis point, the risk premium is basis points and the default premium is basis points 4) The Alcoa 4.750% October 2028 bond is priced to yield 13.760%. The 4.750% October 2028 Treasury Bond is priced to yield 9.500%. The market assumes an 9.012% probability of default on the Alcoa bond. To the nearest basis point, the risk premium is basis points and the default premium is basis points