Assume the answers provided are the effective annual rates with annual, semiannual, quarterly, and monthly compounding of the identical APR. Determine the monthly EAR by comparing the following rates. (No computations are required.) A 2-year Treasury security currently earns 3.16 percent. Over the next two years, the real risk-free rate is expected to be 175 percent per year and the inflation premium is expected to be 0.60 percent per year. Calculate the maturity risk premium on the 2-year Treasury security (Round your answer to 2 decimal places.)