e. 2.7890 Kern Corporation's 5-year bonds y ield 7.30% and 5-year T-bonds yield 4.10%. The real risk-free rate is r* 2.5%, the default risk premium for Kern's bonds is DRP-1.90% versus zero for T-bonds, the liquidity premium on Kern's bonds is LP-1.3%, and the maturity risk premium for all bonds is found with the formula MRP-t- 1) x 0.1%, where t = number of years to maturity. What is the inflation premium (IP) on all 5-year bonds? a. b. c. d. e. 1.2090 1.32% 1.45% 1.60% 1.68%