A particular security$$s default risk premium is $3$ percent. For all securities$,$ the inflation risk premium is $2\mathrm{.}85$ percent and the real risk$-$free rate is $1\mathrm{.}90$ percent. The security$$s liquidity risk premium is $0\mathrm{.}15$ percent and maturity risk premium is $0\mathrm{.}75$ percent. The security has no special covenants. Calculate the security$$s equilibrium rate of return. $($Round your answer to $2$ decimal places.$)$