Click hele lui Cau lile CDUK. The Delen alles UI Mal Kelillel esl Nales DEFAULT RISK PREMIUM A company's 5-year bonds are yielding 9.65% per year. Treasury bonds with the same maturity are yielding 6.15% per year, and the real risk-free rate (r*) is 2.6%. The avera inflation premium is 3.15%, and the maturity risk premium is estimated to be 0.1 x (t - 1)%, where t = number of years to maturity. If the liquidity premium is 0.65%, what is default risk premium on the corporate bonds? Round your answer to two decimal places