Dakota Corporation I5-year bonds have an equilibrium rate of return of 8 percent For all securities, the inflation risk premium is 1.75 percent and the real interest rate is 3.50 percent The...

Dakota Corporation I5-year bonds have an equilibrium rate of return of 8 percent For all securities, the inflation risk premium is 1.75
percent and the real interest rate is 3.50 percent The security's liquidity risk premium is 0.25 percent and maturity risk premium is O.85 percent The security has no special covenants Calculate

the bond's default risk premium.