You are considering an investment in $30-$year bonds issued by Moore Corporation. The bonds have no special covenants. The Street Journal reports that $1-$year T$-$bills are currently earning $0\mathrm{.}50$ percent. Your broker has determined the following informatio about economic activity and Moore Corporation bonds:

$\backslash$table$[[$Real risk$-$free rate,$=0\mathrm{.}44\%$