10. A company's 10-year bonds are yielding 7.5 percent per year. Treasury bonds with the same maturity are yielding 5.2 percent per year, and the real risk-free rate (r*) is 2.1 percent. The average inflation premium is 2.4 percent, and the maturity risk premium is estimated to be 0.1* (t-1)%, where t = number of years to maturity. If the liquidity premium is 0.2 percent, what is the default risk premium on the corporate bonds?