You read in The Wall Street Journal that 30-day T-bills are currently yielding 5.3%. Your brother-in-law, a broker at Safe and Sound Securities, has given you the following estimates of current interest rate premiums: Inflation premium = 3.50% Liquidity premium = 0.2% Maturity risk premium = 2.30% Default risk premium = 2.45% On the basis of these data, what is the real risk-free rate of return? Round your answer to two decimal places. % A Treasury bond that matures in 10 years has a yield of 5.00%. A 10-year corporate bond has a yield of 8.75%. Assume that the liquidity premium on the corporate bond is 0.55%. What is the default risk premium on the corporate bond? Round your answer to two decimal places. %