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Assume that the yield to maturity on 7-year Royal Caribbean junk bonds is at about 8.5%. Estimate the credit spread for these junk bonds over

Assume that the yield to maturity on 7-year Royal Caribbean junk bonds is at about 8.5%.

Estimate the credit spread for these junk bonds over comparable Treasuries.

Find the yield on comparable Treasuries online or in the press and list the term of the Treasuries, your source, and the date.

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