A particular security's equilibrium rate of return is 9.25%. For all securities, the inflation risk premium is 1.5% and the real risk-free rate is 3.5%. The security's liquidity risk premium is 0.50% and maturity risk premium is 0.75%. The security has no special covenants. Calculate the security's default risk premium. For example, if the correct answer is 100% then you would choose e closest to 100%) 2.80% 2.90% 3.00% 3.10% 3.20%