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(Calculating the default-risk premium) At present, 10-year Treasury bonds are yielding 4.2% while a 10-year corporate bond is yielding 6.9%. If the liquidity-risk premium on

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(Calculating the default-risk premium) At present, 10-year Treasury bonds are yielding 4.2% while a 10-year corporate bond is yielding 6.9%. If the liquidity-risk premium on the corporate bond is 0.3%, what is the corporate bond's defaultrisk premium? Note that a Treasuty security should have no default-risk premium and liquidity-risk premium. The corporate bond's default-risk premium is \%. (Round to one decimal place.)

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