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The Johnson & Johnson 12.000% December 2037 bond is priced to yield 6.560%. The 12.000% December...

The Johnson & Johnson 12.000% December 2037 bond is priced to yield 6.560%. The 12.000% December 2037 Treasury Bond is priced to yield 1.750%. The market assumes an 19.665% probability of default on the Johnson & Johnson bond.

To the nearest basis point, the risk premium is ______________ basis points

and the default premium is __________ basis points

(show all work)

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