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A company's 5 - year bonds are yielding 1 0 % per year. Treasury bonds with the same maturity are yielding 5 % per year,

A company's 5-year bonds are yielding 10% per year. Treasury bonds with the same maturity are yielding 5% per year, and the real risk-free rate (r**) is 2.15%. The
average inflation premium is 2.45%, and the maturity risk premium is estimated to be 0.1(t-1)%, where t= number of years to maturity. If the liquidity premium is
1.1%, what is the default risk premium on the corporate bonds? Round your answer to two decimal places.
%
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