On the first day of your summer internship, you've been assigned to work with the Chief Financial Officer $($CFO$)$ of SanBlas Jewels Inc. Not knowing how well trained you are, the CFO has decided to test your understanding of interest rates. Specifically, she asks you to provide a reasonable estimate of the nominal interest rate for a new issue of AAA$-$rated bonds to be offered by SanBlas Jewels Inc. The final format that the chief financial officer of SanBlas Jewels has requested is that of equation $(2-1)$ in the text:

Nominal interest rate $=$ real risk$-$free interest rate $+$ inflation premium $+$ default$-$risk premium $+$ maturity$-$risk premium $+$ liquidity$-$risk premium

Some agreed$-$upon procedures related to generating estimates for key variables in equation $(2-1)$ follow.

a$.$ The current $3-$month Treasury bill rate is $2\mathrm{.}72$ percent, the $30-$year Treasury bond rate is $5\mathrm{.}35$ percent, the $30-$year AAA$-$rated corporate bond rate is $6\mathrm{.}57$ percent, and the inflation rate is $2\mathrm{.}27$ percent.

What is the real risk$-$free interest rate?

$0\mathrm{.}45\%($Round to two decimal places.$)$

What is the inflation premium?

$\%($Round to two decimal places.$)$