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Save Submit Assignment for Grading Problem 6.04 (Default Risk Premium) Question 2 of 10 Check My Work (1 remaining) eBook A Treasury bond that matures

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Save Submit Assignment for Grading Problem 6.04 (Default Risk Premium) Question 2 of 10 Check My Work (1 remaining) eBook A Treasury bond that matures in 10 years has a yield of 5.50%. A 10-year corporate bond has a yield of 8.00%. Assume that the liquidity premium on the corporate bond is 0.45%. What is the default risk premium on the corporate bond? Round your answer to two decimal places 96

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