NikkiG's Corporation's $10-$year bonds are currently yielding a return of $6\mathrm{.}30$ percent. The expected inflation premium is $1\mathrm{.}05$ percent

annually and the real risk$-$free rate is expected to be $2\mathrm{.}60$ percent annually over the next ten years. The liquidity risk premium on

NikkiG's bonds is $0\mathrm{.}50$ percent. The maturity risk premium is $0\mathrm{.}35$ percent on $4-$year securities and increases by $0\mathrm{.}08$ percent for each

additional year to maturity. Calculate the default risk premium on NikkiG's $10-$year bonds. $($Round your answer to $2$ decimal places.$)$