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Calculate the YIELD for a security with a default rate of 1.5% and liquidity of 1%. The risk-free rate is 2.5%. Tax differences force this

Calculate the YIELD for a security with a default rate of 1.5% and liquidity of 1%. The risk-free rate is 2.5%. Tax differences force this security to pay an extra 1% to compensate. What is the appropriate yield for this security? In EXCEL

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