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A corporation is planning to sell its 9 0 - day commercial paper to investors offering an 1 0 . 2 percent yield. If the

A corporation is planning to sell its 90-day commercial paper to investors offering an 10.2 percent yield. If the three-month Treasury bills annualized rate is 6.1 percent, the credit risk premium is estimated to be 0.49 percent and there is a 0.4 percent tax adjustment, what is the liquidity premium on the commercial paper? (Round your final answer to two decimal places. The answer is in percent. Do not put % sign).

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