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It is estimated that inflation will average 3.00% per year for the next 3 years, and average 5.20% each year thereafter. For a real risk-free

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It is estimated that inflation will average 3.00% per year for the next 3 years, and average 5.20% each year thereafter. For a real risk-free rate of 2.00%, what is the default risk premium of a 14-year corporate bond with a yield of 13.60%? Assume that the liquidity premium is 1.20%, but there is no maturity risk premium. O 6.01% 05.10% 05.84% O 5.44% O 5.67%

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