A Treasury bond that matures in 10 years has a yield of 6.00%. A 10-year corporate bond has a yield of 8.25%. Assume that the liquidity premium on the corporate bond is 0.40%. What is the default risk premium on the corporate bond? Round your answer to two decimal places. % One-year Treasury securities yield 2.55%. The market anticipates that 1 year from now, 1-year Treasury securities will yield 3.0%, If the pure expectations theory is correct, what is the yield today for 2-year Treasury securities? Calculate the yield using a geometric average. Do not round intermediate calculations. Round your answer to two decimal places. %