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If 10-year T-bonds have a yield of 6.2%, 10-year corporate bonds yield 8.5%, the maturity risk premium (MRP) on all 10-year bonds is 1.3%, and

If 10-year T-bonds have a yield of 6.2%, 10-year corporate bonds yield 8.5%, the maturity risk premium (MRP) on all 10-year bonds is 1.3%, and corporate bonds have a 0.4% liquidity premium (LP) versus a zero liquidity premium for T-bonds, what is the default risk premium (DRP) on the corporate bond?

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