A particular security$\text{'}$s default risk premium is $5$ percent. For all securities$,$ the inflation risk premium is $4\mathrm{.}80$ percent and the real riskfree rate is $2\mathrm{.}30$ percent. The security$\text{'}$s liquidity risk premium is $0\mathrm{.}20$ percent and maturity risk premium is $0\mathrm{.}80$ percent. The security has no special covenants. Calculate the security$\text{'}$s equilibrium rate of return. $($Round your answer to $2$ decimal places.$)$

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