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If 10-year T-bonds have a yield of 6.2%, 10-year corporate bonds yield 11.8%, the maturity risk premium on all 10-year bonds is 1.3%, and corporate
If 10-year T-bonds have a yield of 6.2%, 10-year corporate bonds yield 11.8%, the maturity risk premium on all 10-year bonds is 1.3%, and corporate bonds have a 0.4% liquidity premium versus a zero li...
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