A particular security$\text{'}$s default risk premium is $3$ percent. For all securities$,$ the inflation risk premium is $2\mathrm{.}75$ percent and the real riskfree rate is $2\mathrm{.}90$ percent. The security$\text{'}$s liquidity risk premium is $0\mathrm{.}25$ percent and maturity risk premium is $0\mathrm{.}85$ percent. The security has no special covenants. Calculate the security$\text{'}$s equilibrium rate of return.

Note: Round your percentage answer to $2$ decimal places $($i$.$e$.,0\mathrm{.}1234$ should be entered as $12\mathrm{.}34).$

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