Problem 6-2 Determinants of Interest Rates for Individual Securities (LG6-6) You are considering an investment in 30-year bonds issued by Moore Corporation. The bonds have no special covenants. The Wall Street Journal reports that 1 -year T-bills are currently earning 1.45 percent. Your broker has determined the following informatiori about economic activity and Moore Corporation bonds: Real risk-free rate =0.55% Default risk premium =1.35% Liquidity risk premium =0.90% Maturity risk premium =1.95% a. What is the inflation premium? (Round your answer to 2 decimal places.) Expected IP b. What is the fair interest rate on Moore Corporation 30-year bonds? (Round your answer to 2 decimal places.) Fair interest rate %