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The Wall Street Journal reports that the current rate on 10 year Treasury bonds is 785 percent, on 20 year Treasury bonds is 8.45 percent,

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The Wall Street Journal reports that the current rate on 10 year Treasury bonds is 785 percent, on 20 year Treasury bonds is 8.45 percent, and on a 20 year corporate bond issued by MHM Corp. is 9 95 percent. Assume that the maturity risk premium is zero If the default risk premium and liquidity risk premium on a 10-year corporate bond issued by MHM Corp are the same as those on the 20-year corporate bond, calculate the current rate on MHM Corp's 10 year corporate bond. (Round your answer to 2 decimal places.) Current rate %

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