If 10-year T-bonds have a yield of 6.2%, 10-year corporate bonds yield 8.9%, the maturity risk premium on all 10-year bonds is 1.3%, and corporate bonds have a 0.5% liquidity premium versus a zero liquidity premium for T-bonds, what is the default risk premium on the corporate bond?

Group of answer choices

2.4%

2.2%

2.30%

2.5%

2.6%