Unlike Treasury securities, comporate bonds have both a defaulk risk premium and a liquidity risk premium. Suppose that the liquidity premium on 3-year bonds is LP=0.25%, and the default risk premlum on 3 -year bonds is DRP=1.90%. The formula for calculating the yield on a corporate bond is rsaip=r2+IP+DRP+UP+MRPrcerp=1P+1P+MRPrserp=r2+1P+1P+MRPrkum=IP+DRP+LP+MRP The yield on a 3-year corporate bond is Unlike Treasury securities, comporate bonds have both a defaulk risk premium and a liquidity risk premium. Suppose that the liquidity premium on 3-year bonds is LP=0.25%, and the default risk premlum on 3 -year bonds is DRP=1.90%. The formula for calculating the yield on a corporate bond is rsaip=r2+IP+DRP+UP+MRPrcerp=1P+1P+MRPrserp=r2+1P+1P+MRPrkum=IP+DRP+LP+MRP The yield on a 3-year corporate bond is