The real risk-free rate, r2, is 1.3%. Inflabion is expected to average 1.1% a year for the next 4 years, after which time infation is expected to average 3.8% a yeat. Assume that there is no maturity risk premium. An 8-year corporate bond has a yeid of 9.8%, which includes a liquidey premium of 0.4%. What is its default risk premium? Do not round Intermediate calculations. Round your answer to two decimal places