Calculating

the$$ default$-$risk

premium$)$

At$$ present, $10-$year Treasury bonds are yielding

$4\mathrm{.}14\mathrm{.}1\%$

while a$10-$year corporate bond is yielding

$6\mathrm{.}16\mathrm{.}1\%.$

If the$$ liquidity$-$risk premium on the corporate bond is

$0\mathrm{.}50\mathrm{.}5\%,$

what is the corporate$$ bond's default$-$risk$$ premium? Note that a Treasuty security should have no$$ default$-$risk premium and$$ liquidity$-$risk premium.