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 percent. 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% What is the inflation premium? (Round your answer to 2 decimal places.) What is the fair interest rate on Moore Corporation 30-year bonds? (Round your answer to 2 decimal places.)