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If the risk-free rate is 5 percent and corporate bonds are trading at 8.2 percent and the recovery rate on default loans is 55%, what

If the risk-free rate is 5 percent and corporate bonds are trading at 8.2 percent and the recovery rate on default loans is 55%, what is the risk premium on a bond of $1,950,000.00 if statistics show that only 3.56% of borrowers failed to meet their bank loan repayment obligations

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