Consider a 20-year corporate bond with a yield of 11.40%. Assume that the real risk-free rate, r', is 2.00%. Inflation is expected to average 9.50% a year for the next 3 years, and average 4.30% each year thereafter. Assume that the liquidity premium is 2.80%, but there is no maturity risk premium. Find the corporate bond's default risk premium. 1.46% 1.57% 1.52% 1.37% 1.66%