You are considering an investment in $20-$year bonds issued by Moore Corporation. The bonds have no special co Street Joumal reports that $1-$year T$-$bills are currently earning $3\mathrm{.}50$ percent. Your broker has determined the following information about economic activity and Moore Corporation bonds:

$\backslash$table$[[$Real risk$-$free rate,$=2\mathrm{.}35\%$