A company's 21-year bonds are yielding 9.00% per year. Treasury bonds with the same maturity are yielding 6.00% per year, and the real risk-free rate is 2.0%. The average inflation premium is 3.00%; and the maturity risk premium is estimated to be [0.05x(t - 1)]%, where t = number of years to maturity. If the liquidity premium is 2.10%, what is the default risk premium on the corporate bonds? 03.00% O 0.90% 8.00% 5.00% An investor in Treasury securities expects inflation to be 2.0% in Year 1, 3.0% in Year 2, and 4.0% each year thereafter. Assume that the real risk-free rate is 0.75% and that this rate will remain constant. Three-year Treasury securities yield 6.00%, while 4-year Treasury securities yield 10.00%. What is the difference in the maturity risk premiums (MRPs) on the two securities? 0 8.250% 3.750% 2.250% 6.000%