A particular security$$s equilibrium rate of return is $8$ percent. For all securities$,$ the inflation risk premium is $1\mathrm{.}95$ percent and the real risk$-$free rate is $3\mathrm{.}2$ percent. The security$$s liquidity risk premium is $0\mathrm{.}25$ percent and maturity risk premium is $0\mathrm{.}95$ percent. The security has no special covenants. Calculate the security$$s default risk premium. $($Round your percentage answer to $2$ decimal places. $($e$.$g$.,32\mathrm{.}16))$