Kop Corporation's 5-year bonds yield 5.60%, and T-bonds with the same maturity yield 4.40%. The default risk premium for Kop's bonds is DRP = 0.45%, the liquidity premium on Kop's bonds is LP = 1.70% versus zero on T-bonds, the inflation premium (IP) is 1.50%, and the maturity risk premium (MRP) on 5-year bonds is 0.40%. What is the real risk-free rate, r*? (EXCEL FORMAT ANSWER)