Below are interest rates for different long-term bonds maturing on the same date. The default risk premium for the AA corporate bond is _____________ which is ___________ than the default risk premium of ______________ for the BBB corporate bond.

U.S. Treasury 4.7%

AAA Corporate 4.9%

AA Corporate 5.0%

A Corporate 5.3%

BBB Corporate 5.9%

	A.	0.3%; lower; 1.2%
	B.	0.3%; higher; 1.2%
	C.	0.2%; lower; 1.2%
	D.	1.2%; higher; 0.2%