You read in the Wall Street Journal that 30 day T-bills are currently yielding 5.5%. Your brother in law, a broker at Safe and Sound Securities, has given you the following estimates of current interest rate premiums.: INflation premium 3.25%/ Liquidity premium 0.6%/ Maturity risk premium 1.8%/ default risk premium 2.15%. On the basis of this data, what is the real risk rate of return?