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Currently, the interest rate for a 10-year bond issued by Ford is 8.47%, and the interest rate for a 10-year bond issued by General Motors

Currently, the interest rate for a 10-year bond issued by Ford is 8.47%, and the interest rate for a 10-year bond issued by General Motors is 6.54%. The liquidity risk premium for Ford is 0.39%, whereas the liquidity risk premium for General Motors is 0.55%. What is the difference in the default risk premium between Ford and General Motors

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