Question: A Treasury bond due in 1 year has a yield of 4 % , while a Treasury bond due in 5 years has a yield

A Treasury bond due in 1 year has a yield of 4%, while a Treasury bond due in 5 years has a yield of 5.5%. A bond due in 5 years issued by High Country Marketing Corp. has a yield of 12%, while a bond due in 1 year issued by High Country Marketing Corp. has a yield of 18%. The default risk premium on the 5-year bonds issued by High Country Marketing Corp. is _________. Note: Express your answers in strictly numerical terms. For example, if the answer is 5%, write 0.05"

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