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A Treasury bond that matures in 13 years has a yield of 4.00% A 13 year corporate bond has a yield of 8.96%. Assume that

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A Treasury bond that matures in 13 years has a yield of 4.00% A 13 year corporate bond has a yield of 8.96%. Assume that the liquidity premium on the corporate bond is 0.33%. What is the default risk premium on the corporate bond? State your answer as a percentage to 2 decimal places. Do not include the symbol

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