(Solved): (Calculating the default-risk premium) At present, 10 -year Treasury bonds are yielding 3.9% whille ...

(Calculating the default-risk premium) At present, 10 -year Treasury bonds are yielding $$3.9\%$$ whille a 10 -year corporate bond is yielding $$6.8\%$$. If the liquidity-risk premium on the corporate bond is $$0.4\%$$, what is the corporate bond's default-risk premium? Note that a Treasuty security should have no default-risk premium and liquidity-risk premium. The corporate bond's default-risk premium is \%. (Round to one decimal place.)