Currently, a one$-$year Treasury bill is yielding $3\mathrm{.}5$ percent. Company F$\text{'}$s three$-$year bond has a yield equal to $5\mathrm{.}7$ percent, and its seven$-$year bond has a yield equal to $7\mathrm{.}3$ percent. Although none of the bonds has a liquidity premium, any bond with a maturity equal to one year or longer has a maturity risk premium $($MRP$).$ Except for their terms to maturity, the characteristics of the bonds are the same.

a$.$ Compute the annual MRP associated with the bonds. Round your answer to one decimal place.

$\%$

b$.$ Compute the default risk premium $($DRP$)$ associated with the bonds. Round your answer to one decimal place.

$\%$