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 0.40 percent. Your broker has determined the following information about economic activity and Moore Corporation bonds: = = Real risk-free rate Default risk premium Liquidity risk premium Maturity risk premium 0.33% 1.55% 0.90% 1.05% = a. What is the inflation premium? b. What is the fair interest rate on Moore Corporation 30-year bonds