If 10-year T-bonds have a yield of 6 %, and the 10-year corporate bonds of Raytheonion Inc. yield 8 %, the maturity risk premium on all 10-year bonds is 1.5%, and corporate bonds have a 0.49 % liquidity premium versus a zero liquidity premium for T-bonds, what is the default risk premium on the corporate bond?

Answer as a percentage to two decimal places, do not enter the % symbol.