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The Wall Street Journal reports that the current rate on 6-year Treasury bonds is 6.15 percent, the rate on 13-year Treasury bonds is 6.55 percent,

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The Wall Street Journal reports that the current rate on 6-year Treasury bonds is 6.15 percent, the rate on 13-year Treasury bonds is 6.55 percent, and the rate on a 13-year corporate bond issued by MHM Corp. is 7.95 percent. Assume that the maturity risk premium is zero. If the default risk premium and liquidity risk premium on a 6-year corporate bond issued by MHM Corp. are the same as those on the 13-year corporate bond, calculate the current rate on MHM Corp's 6-year corporate bond. (Round your answer to 2 decimal places.)

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