Determinants of Interest Rate for Individual Securities You are considering an investment in $30-$year bonds issued by a corporation. The bonds have no special covenants. The Wall Street Journal reports that $1-$year T$-$bills are currently earning $3\mathrm{.}60$ percent. Your broker has determined the following information about economic activity and the corporation's bonds: Real interest rate$=3\mathrm{.}30\backslash \%$ Default risk premium $=3\mathrm{.}35\backslash \%$ Liquidity risk premium$=1\mathrm{.}50\backslash \%$ Maturity risk premium$=3\mathrm{.}10\backslash \%$ What is the inflation premium? What is the fair interest rate on the corporation's $30-$year bonds?