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(Default-risk premium) At present. 20-year Trasury bonds are yielding 5.8% while some 20-yent corporate bonds that you are interested in re yielding 9.8%. Assuming that

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(Default-risk premium) At present. 20-year Trasury bonds are yielding 5.8% while some 20-yent corporate bonds that you are interested in re yielding 9.8%. Assuming that the maturity-risk premium on both bonde is the same and that the liquidity risk premium on the corporato bonds is 0.24% While it is 0.0% on the Treasury bonde, what is the defaultnisk premium on the corporate bonds? Note that a Treasuty security should have no default-risk premium The default-risk promium on the corporate bonds is (Round to two decimal place)

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