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REAL RISK-FREE RATE You read in The Wall Street Journal that 30-day T-bills are currently yielding 4.9%. Your brother-in law, a broker at Safe and

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REAL RISK-FREE RATE You read in The Wall Street Journal that 30-day T-bills are currently yielding 4.9%. Your brother-in law, a broker at Safe and Sound Securities, has given you the following estimates of current interest rate premiums: Inflation premium = 2.75% Liquidity premium = 1% Maturity risk premium = 2.15% Default risk premium = 2.15% On the basis of these data, what is the real risk-free rate of return? Round your answer to two decimal places

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