Corporation 15-year bonds have an equilibrium rate of return of 10 percent. For all securities, the inflation risk premium is 1.75 percent and the real risk-free rate is 3.50 percent. The security's liquidity risk premium is 0.85 percent and maturity risk premium is 1.45 percent. The security has no special covenants. Calculate the bond's default risk premium. (Round your answer to 2 decimal places.) 3.90 Hints References eBook & Resources Hint#1 Check my work