The Wall Street Journal reports that the current rate on 9-year Treasury bonds is 6.80 percent, the rate on 16-year Treasury bonds is 7.20 percent, and the rate on a 16-year corporate bond issued by MHM Corp. is 9.25 percent. Assume that the maturity risk premium is zero. If the default risk premium and the liquidity risk premium on a 9-year corporate bond issued by MHM Corp. are the same as those on the 16-year corporate bond, calculate the current rate on MHM Corp.s 9-year corporate bond.