$5.)[$Ch $7]$ Kohl's Corporation has issued zero$-$coupon corporate bonds with $\backslash (\backslash$mathbf$\{13\}\backslash )$ years to maturity and a face value of $\backslash (\backslash$mathbf$\{\backslash$$ $2,000\}\backslash ).$ Investors believe there is a $\backslash (\backslash$mathbf$\{32\}\backslash \%\backslash )$ chance that Kohl's will default on these bonds. If Kohl's does default, investors expect to receive only $\backslash (\backslash$mathbf$\{60\backslash \%\}\backslash )$ of the promised payoff at maturity. If investors' required return is $\backslash (\backslash$mathbf$\{7.90\backslash \%\}\backslash ),$ what is the default risk premium on these bonds?