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The risk-free rate is 2.8%, inflation premium is 2%, and the default risk for the junk bond is 10.5. Calculate the nominal rate for this

The risk-free rate is 2.8%, inflation premium is 2%, and the default risk for the junk bond is 10.5. Calculate the nominal rate for this bond. Post your answer with 1 decimal place, 1.1 for example

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