On a given day, the yield-to-maturity on corporate bonds rated B was 16.3%. The yield-to-maturity...
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On a given day, the yield-to-maturity on corporate bonds rated B was 16.3%. The yield-to-maturity was 11.2% on 3-month Treasury Bills and 13.2% for longterm Treasury securities. What is the default risk premium on the B corporate bonds?
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