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Suppose, the 10-year T-bonds are yielding 1.7% while the AT&T 10-year corporate bond is yielding 6.9%. If the liquidity-risk premium on the corporate bond is

Suppose, the 10-year T-bonds are yielding 1.7% while the AT&T 10-year corporate bond is yielding 6.9%. If the liquidity-risk premium on the corporate bond is 1.3%, then what is AT&T bond's default-risk premium?


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