1.) A 2-year Treasury security currently earns 2.05 percent. Over the next two years, the real risk-free rate is expected to be 1.00 percent per year and the inflation premium is expected to be 0.65 percent per year. Calculate the maturity risk premium on the 2-year Treasury security. (Round your answer to 2 decimal places.)

2.) A particular securitys default risk premium is 4 percent. For all securities, the inflation risk premium is 3.80 percent and the real risk-free rate is 7.60 percent. The securitys liquidity risk premium is 0.20 percent and maturity risk premium is 0.80 percent. The security has no special covenants. Calculate the securitys equilibrium rate of return. (Round your answer to 2 decimal places.)

3.) If the present value of an ordinary, 6-year annuity is $8,800 and interest rates are 9.5 percent, whats the present value of the same annuity due? (Round your answer to 2 decimal places.)