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A Treasury bond due in 1 year has a yield of 4%, while a Treasury bond due in 3 years has a yield of 9%.

A Treasury bond due in 1 year has a yield of 4%, while a Treasury bond due in 3 years has a yield of 9%. A bond due in 3 years issued by High Country Marketing Corp. has a yield of 11%, while a bond due in 1 year issued by High Country Marketing Corp. has a yield of 15%. The default risk premium on the 3-year bonds issued by High Country Marketing Corp. is _________.

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