Saved 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 2.25 percent Your broker has determined the following Information about economic activity and Moore Corporation bonds: Real risk-free rate = 0.85% Default risk premium = 215% Liquidity risk premlum = 1.40% Maturity risk premium = 275% a. What is the Inflation premlum? (Round your answer to 2 decimal places.) Expected IP endes b. What is the fair Interest rate on Moore Corporation 30-year bonds? (Round your answer to 2 decimal places) Fair interest rate