You are considering an investment in $30-$year bonds issued by

Moore Corporation. The bonds have no special

covenants.$$The Wall Street Journal$$reports that

$1-$year T$-$bills are currently earning $1\mathrm{.}50$ percent. Your broker has

determined the following information about economic activity and

Moore Corporation bonds:$$What is the fair interest rate on Moore Corporation $30-$year

bonds?$($Round your answer to $2$ decimal

places.$)$