You are given the following data: r = real risk-free rate = 4%. Constant inflation premium = 7%. Maturity risk premium = 1%. Default risk premium for AAA bonds = 3%. Liquidity premium for long-term T-bonds = 2%. Assume that a highly liquid market does not exist for long-term T-bonds, and the expected rate of inflation is a constant. Given these conditions, the nominal risk- free rate for T-bills is, and the rate on long-term Treasury bonds is. Disregard cross-product terms, i.e., if averaging is required, use the arithmetic average