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Delta has both equity and debt used to finance itself. Delta's Beta has been calculated as 1 . 5 . The average return of the

Delta has both equity and debt used to finance itself. Delta's Beta has been calculated as 1.5. The average return of the market has been 13% and the risk-free rate is 1%. Delta also has a 30-year fixed coupon bond with 10 years 'til maturity with a 6% coupon rate paid annually. This bond is currently trading at $964.06. The risk premium for Delta's bond is __________%

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