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A treasury bond that matures in 10 years has a yield of 7. A 10-year corporate bond has a yield of 11. Assume that the liquidity premium on the...

A treasury bond that matures in 10 years has a yield of 7.4%. A 10-year corporate bond has a yield of 11.5%. Assume that the liquidity premium on the coporate bond is 0.9. Calculate the default risk premium on the corprate bond. Express your answer as a percent rounded to 1 decimal without the percentage sign. For instance, 0.13564 would be expressed as 13.6

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