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The 13.750% March 2038 bond is priced to yield 16.715%. The 13.750% March 2038 Treasury Bond is priced to yield 12.375%. The market assumes an

The 13.750% March 2038 bond is priced to yield 16.715%. The 13.750% March 2038 Treasury Bond is priced to yield 12.375%. The market assumes an 3.051% probability of default on the bond.

To the nearest basis point, the risk premium is basis points

and the default premium is basis points

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