Please do it with proper working and understanding.

34. According to the latest auction result of state bank of Pakistan the yield on 3-month T-Bill is 8.5%, 1 year treasury bond is 9% and the rate on three-year PIB is 9.5% and return on 10-year PIB is 12.5%. Hascol is working towards issuing a 6-year bond having a yield of 14%. Assuming that maturity risk premium is only for the securities that have tenure of more than one year also is same for all securities of same tenures and has increased with same increment. Given that Expected inflation of year 1 is 3% and real risk-free rate is 4.5% Calculate the default risk premium Hascol offers to its investors