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Corporate 20-year and 30-year bonds are currently carrying a 4% and 4.4% premium for default risk respectively. These bonds are thinly traded, and each maturity

Corporate 20-year and 30-year bonds are currently carrying a 4% and 4.4% premium for default risk respectively. These bonds are thinly traded, and each maturity carries a 0.4% premium for liquidity. What would the expected yield be on the 20-year bond, AND the 30-year bond? Explain what method you used and why in these calculations. Must be completed in excel.

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