Question 10 (1 point) A company's 15-year bonds are yielding 8.70% per year. Treasury bonds with the same maturity are yielding 5.70% per year, and the real risk-free rate is 2.0%. The average inflation premium is 3.00%; and the maturity risk premium is estimated to be [0.05x(t - 1)]%, where t = number of years to maturity. If the liquidity premium is 1.50%, what is the default risk premium on the corporate bonds? 1.50% O 8.00% 3.00% 5.00%