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The reai risk-free rate, r2, is 1.3%. Inflation is expected to average 1.29 a year fer the next 4 years, after which time infation is

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The reai risk-free rate, r2, is 1.3\%. Inflation is expected to average 1.29 a year fer the next 4 years, after which time infation is expected to average 4.2%6 a year. Assume that there is no maturity risk premium. A 10 -yezr corporate bead has a yield of 3.9%, which includes a liquidity premium of 0.4%6. What is its defoult risk premitum? Do not round intarmediste calculations. Round your answer to two decimel places

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