liquidity premitures in 9 years has a yield of 10.5%. A 9-year corporate bond has a yield of 12.5%. Assume that the A) 2.0% on the corporate bond is 1.5%. What is the default risk premium on the corporate bond? A) 2.0% B) 0.5% C) 1.0% D) 1.5% E) 4.5%