NikkiG$$s Corporation$$s $10-$year bonds are currently yielding a return of $6\mathrm{.}25$ percent. The expected inflation premium is $1\mathrm{.}20$ percent annually and the real risk$-$free rate is expected to be $2\mathrm{.}50$ percent annually over the next ten years. The liquidity risk premium on NikkiG$$s bonds is $0\mathrm{.}45$ percent. The maturity risk premium is $0\mathrm{.}30$ percent on $2-$year securities and increases by $0\mathrm{.}07$ percent for each additional year to maturity. Calculate the default risk premium on NikkiG$$s $10-$year bonds.