(Solved): Interest premium. Estimate the default premium and the maturity premium given the following three i ...

Interest premium. Estimate the default premium and the maturity premium given the following three investment opportunities: a Treasury bill with a current interest rate of $$2\%$$; a Treasury bond with a twenty-year maturity and a current interest rate of $$5\%$$; and a $$\mathrm{AAA}$$, corporate bond with a twenty-year maturity and an interest rate of $$9\%$$. What is the default premium? $$\%$$ (Round to two decimal places.)