Kelly Inc's 5-year bonds yield 7.50% and 5-year T-bonds yield 6.00%. The real risk-free rate is r* = 2.5%, the default risk premium for Kelly's bonds is DRP = 0.40%, the liquidity premium on Kelly's bonds is LP = 1.1% versus zero on T-bonds, and the inflation premium (IP) is 1.5%. What is the maturity risk premium (MRP) on all 5-year bonds?

a. 2.42%

b. 2.00%

c. 2.12%

d. 1.84%

e. 2.06%