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Joe Corporation's S - year bonds yield 1 0 . 1 5 % , and 5 - year T - bonds yield 7 . 6

Joe Corporation's S-year bonds yield 10.15%, and 5-year T-bonds yield7.65%. The real risk-free rate is r =5.25%, the average inflation rate forthe next 5 years is expected to be 1.00%, the default risk premium for Joe's bonds is 2.00%, and the maturity risk premium for all bonds is found with (t -1)\times 0.1%. The coupon rate on Joe's bonds is 5 percent.What is the liquidity premium on Joe's bonds?( use finance calculator to solve this)

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