Assume the following premiums reflect current market conditions:

r^* = 3.15%;

IP (1-year bonds) = 2.35%;

IP (3-year bonds) = 2.65%;

IP (5-year bonds) = 2.90%;

DRP (AAA corporate bonds) = 0.60%;

DRP (AA+ corporate bonds) = 0.85%;

LP (AAA corporate bonds) = 0.22%;

LP (AA+ corporate bonds) = 0.30%;

MRP = 0.1% (t 1) where t is the number of years to maturity.

Calculate the interest rate for a 5-year AA+ corporate bond. Report your answer to 2 decimal places (13.358% = 13.36).