The default risk premium for U.S.corporate bonds was greater in the last 50 years of the 20th century than in the first decade of the 21st century.

Question

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The default risk premium for U.S. corporate bonds has generally increased in the first decade of the 21st century due to economic events like the 2008 financial crisis, compared to the relatively stable economic conditions in the latter half of the 20th century.

The Default Risk Premium for U