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Interest premium. Estimate the default premium and the maturity premium given the following three investment opportunities: a Treasury bill with a current interest rate of

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Interest premium. Estimate the default premium and the maturity premium given the following three investment opportunities: a Treasury bill with a current interest rate of 2%; a Treasury bond with a twenty-year maturity and a current interest rate of 5%; and a AAA, corporate bond with a twenty-year maturity and an interest rate of 9%. What is the default premium? % (Round to two decimal places.)

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