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You read in The Wall Street Journal that 30- day T-bills are currently yielding 6.32%. Your brother-in-law, a broker at Safe and Sound Securities has

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You read in The Wall Street Journal that 30- day T-bills are currently yielding 6.32%. Your brother-in-law, a broker at Safe and Sound Securities has given you the following estimates of current interest rate premiums:: = Inflation premium = 4 Liquidity premium = 0.95 Maturity risk premium = 1.84 Default risk premium = 4.13 = On the basis of these data, what is the real risk-free rate of return (r*)? State your answer as a percentage to 2 decimal places. Do not include the % symbol

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