Chandler Co.'s 5 -year bonds yield 8.25\%, and 5 -year T-bonds yield 5.15%. The real risk-free rate is r=3.0%, the inflation premium for 5 -year bonds is IP = 1.75%, the liquidity premium for Chandler's bonds is LP=0.75% versus zero for T-bonds, and the maturity risk premium for all bonds is found with the formula MRP=(t1)0.1%, where t= number of years to maturity. What is the default risk premium (DRP) on Chandler's bonds? Select the correct answer. a. 2.25% b. 2.15% c. 2.35% d. 1.95% e. 2.05%