NikkiG's Corporation's $10-$year bonds are currently yielding a return of $6\mathrm{.}70$ percent. The expected inflation premium is $1\mathrm{.}10$ percent annually and the real risk$-$free rate is expected to be $3\mathrm{.}40$ percent annually over the next ten years. The liquidity ris premium on NikkiG's bonds is $0\mathrm{.}20$ percent. The maturity risk premium is $0\mathrm{.}15$ percent on $4-$year securities and increases by $0\mathrm{.}05$ percent for each additional year to maturity. Calculate the default risk premium on NikkiG's $10-$year bonds. $($Round you answer to $2$ decimal places.$)$

Default risk premium