Assume the current 3-month Treasury bill rate is 3.25% and the 30-year Treasury bond rate is 4.50%. the rate on 30-year bonds issued by Happy Pen company is 6.50%. Assume there is no liquidity risk premium on this corporate bond. Fill in the maturity risk Premium and the Default Risk Premium on Happy Pens 30-Year bonds below

3-month Treasury Bill (RF) ___________________

Maturity Risk Premium + ___________________

Default Risk Premium + ___________________

Liquidity Risk Premium + ___________________

Happy Pen Co. 30-year bonds = 6.50%