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Skyline Inc has an interest rate of 5.59% on its 30 year bonds. The government bond rate is 1.80% on ten year bonds and 3.47%

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Skyline Inc has an interest rate of 5.59% on its 30 year bonds. The government bond rate is 1.80% on ten year bonds and 3.47% on thirty year bonds. Skyline has no liquidity risk. What is the implied default risk premium of Skyline? (Put in decimal form: 5.45% should be notated.0545)

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