A particular security$\text{'}$s equilibrium rate of return is $9$ percent. For all securities$,$ the inflation risk premium is $2\mathrm{.}95$ percent and the real risk$-$free rate is $2\mathrm{.}8$ percent. The security$\text{'}$s liquidity risk premium is $0\mathrm{.}65$ percent and maturity risk premium is $0\mathrm{.}95$ percent. The security has no special covenants. Calculate the security$\text{'}$s default risk premium.

Note: Round your percentage answer to $2$ decimal places $($e$.$g$.,32\mathrm{.}16),$A particular security$\text{'}$s equilibrium rate of return is $9$ percent. For all securities$,$ the inflation risk premium is $2\mathrm{.}95$ percent and the real risk$-$free rate is $2\mathrm{.}8$ percent. The security$\text{'}$s liquidity risk premium is $0\mathrm{.}65$ percent and maturity risk premium is $0\mathrm{.}95$ percent. The security has no special covenants. Calculate the security$\text{'}$s default risk premium.

Note: Round your percentage answer to $2$ decimal places $($e$.$g$.,32\mathrm{.}16),$