ou are considering an investment in 30 -year bonds issued by Moore Corporation. The bonds have no special covenants. The Way Street Joumal reports that 1-year T-bills are currently earning 1,30 percent Your broker has determined the following information about aconomic activity and Moore Corporation bonds. Reai risk-free rate =0.70% Defaut risk premium =120% Liquidity risk premium =0.60% Maturity risk premium =180% a. What is the infiation premium? (Round your answer to 2 decimal places.) b. What is the fair interest rate on Moore Corporasion 30-year bonds? (Round your answer to 2 decimal places.)