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Management of Blossom Parts Company has decided to sell 10 -year bonds to finance expansion into the Pacific Northwest. The market rate on these bonds

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Management of Blossom Parts Company has decided to sell 10 -year bonds to finance expansion into the Pacific Northwest. The market rate on these bonds is 11 percent, and the 3 -month Treasury bill rate is 3.5 percent. The firm's credit rating is B, and the yield on 10 -year Treasury bonds is 3.9 percent higher than that on 3-month Treasury bills. How much of a premium over the 10-year Treasury bond will these Blossom Parts bonds sell for

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