The Wall Street Journal reports that the current rate on 8-year Treasury bonds is 6.05 percent, the rate on 15-year Treasury bonds is 6.45 percent, and the rate on a 15-year corporate bond issued by MHM Corp. is 7.75 percent Assume that the maturity risk premium is zero If the default risk premium and liquidity risk premium on an 8-year corporate bond issued by MHM Corp are the same as those on the 15-year corporate bond calculate the current rate on MHM Corp 's 8-year corporate bond (Round your answer to 2 decimal places.)