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 1.80 percent. Your broker has determined the following information about economic activity and Moore Corporation bonds: Real risk-free rate =0.75% Default risk premium =1.70% Liquidity risk premum =1,05% Maturity thsk premium =230% a. What is the intitation premlum? (Round your onswer to 2 decimol ploces.) Answer is complete but not entirely correct. \begin{tabular}{|l|l|} \hline Expected IP & (625)X \\ \hline \end{tabular} b. What is the fair interest rate on Moore Corporation 30 -year bonds? (Round your answer to 2 decimal places.)