The real risk$-$free rate, r$*,$ is $1\mathrm{.}4\%.$ Inflation is expected to average $1\mathrm{.}2\%$ a year for the next $4$ years, after which time inflation is expected to average $4\mathrm{.}2\%$ a year. Assume that there is no maturity risk premium. An $11-$year corporate bond has a yield of $10\mathrm{.}8\%,$ which includes a liquidity premium of $0\mathrm{.}2\%.$ What is its default risk premium? Do not round intermediate calculations. Round your answer to two decimal places.

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