A nominal risk$-$free rate is currently $4\mathrm{.}5\%.$ A broker at INV Securities, has given you the following estimates of current interest rate premiums: Inflation: $6\%,$ Liquidity Risk Premium $1\mathrm{.}5\%,$ Maturity Risk Premium $3\%,$ and Default Risk Premium $5\mathrm{.}5\%.$ Based on these data, what are the rates of short$-$term corporate bonds?