- Real rate (R)=2.2% - Expected inflation rate = inflation premium (IP)=5.2% - Default risk premium ( DRP )=3.9% - Liquidity risk premium (LRP)=0.2% - Maturity risk premium (MRP) for 1 year bonds =0.9%; for 2 year bonds = 1.6%; for 3 year bonds =1.8% Given this information, what is the yield to maturity (YTM) for 3 year bonds (i.e., R3)? Record your answer as a percent rounded to 1 decimal place, but do not include the \% sign in your answer. For example, enter 13.2984% as 13.3. Your