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 1.45 perent. Your broker has determined the following information about economic activity and Moore Corporation bonds: Real risk-free rate =0.55% Default risk premium =1.35% Liquidity risk premium =0.90% Maturity risk premium =1.95% a. What is the inflation premium? b. What is the fair interest rate on Moore Corporation 30 -year bonds? Note: Round your percentage answers to 2 decimal places (i.e., 0.1234 should be entered as 12.34 )