Given that those bonds yield a 1.5 percentage point premium over government bonds (which have a default risk close to zero), a corporate bond investor is likely to be left with a one
percentage point advantage over government bonds after accounting for the risk of loss.
California voters have not elected a Republican to statewide office since 2006, and Democrats hold a 15 -
percentage point advantage over the GOP in voter registration.
Polls there are close; the Real Clear Politics average of polls has the race essentially tied: Trump has a scant 1.8
percentage point advantage, well within the margin of error.
That's 0.6 of
a percentage point advantage over the regular version.