On the first day of your summer internship, you've been assigned to work with the Chief Financial Officer (CFO) of Sanillas 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 nominat 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 Sanias Jewels has requested is that of equation 12-1) 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 2.86 percent, the 30-year Treasury hond rate is 5 27 percent, the 30-year AA rated corporate bond rate is 0.5 percent on rate is 2.02 percent b. The real risk free rate of interest is the difference between the calculated average yield on 3-month Treasury bits and the station rate c. The defaultnisk premium is estimated by the difference between the average yields on AA rated bonds and 30 yearsury Bonde What is the real risk free interest rate? % (Round to two decimal places)