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The General Motors 5.250% December 2028 bond is priced to yield 11.550%. The 5.250% December 2028 Treasury Bond is priced to yield 7.500%. The market

The General Motors 5.250% December 2028 bond is priced to yield 11.550%. The 5.250% December 2028 Treasury Bond is priced to yield 7.500%. The market assumes an 8.831% probability of default on the General Motors bond.

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

and the default premium is __ basis points

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