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Suppose 1 0 - year T - bonds have a yield of 5 . 3 0 % and 1 0 - year corporate bonds yield

Suppose 10-year T-bonds have a yield of 5.30% and 10-year corporate bonds yield 8.50%. Also, corporate bonds have a 0.25% liquidity premium versus a zero liquidity premium for T bonds, and the maturity risk premium on both Treasury and corporate 10-year bonds is 1.15%. What is the default risk premium on corporate bonds?
2.95%
3.33%
2.68%
2.92%.
2.86%
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