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The interest rate on 30 Year T-bonds is 3%, while the coupon rate for UPS bonds is 4%, for Wal-Mart the rate is 6 %

The interest rate on 30 Year T-bonds is 3%, while the coupon rate for UPS bonds is 4%, for Wal-Mart the rate is 6 % and 5.6% for Cit Group. Which corporate bond has the highest default risk premium?

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