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Dakota Corporation 15-year bonds have an equilibrium rote of return of 8 percent. For all securities, the inflation risk premium is 135 percent and the

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Dakota Corporation 15-year bonds have an equilibrium rote of return of 8 percent. For all securities, the inflation risk premium is 135 percent and the real risk-free rate is 2.50 percent. The security's liquidity risk premium is 0.45 percent and maturity risk premium is 105 percent. The security has no special covenants Calculate the bond's default risk premium. (Round your answer to 2 decimal places.) Default premium

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