DEFAULT RISK PREMIUM A company's 5-year bonds are yielding 7.75% per year. Trea- sury bonds with the same maturity are yielding 5.2% per year, and the real risk-free rate (r) is 2.3%. The average inflation premium is 2.5%; 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 1%, what is the default risk premium 6-11 on the corporate bonds