If 10-year T-bonds have a yield of 5.5%, 10-year corporate bonds yield 9.5%, the maturity risk premium on all 10-year bonds is 2.0%, and corporate bonds have a 0.1% liquidity premium versus a zero liquidity premium for T-bonds, what is the default risk premium on the corporate bond?

	A.	4.00%
	B.	2.00%
	C.	3.90%
	D.	1.90%

Please give good detail and the equation on how you did it! Thank you :)