Exam Question $6\mathrm{.}3.$ The real risk$-$free rate of interest $(r^{**})$ is thought to be $1\%.$ Corporate debt for Salsa Corp is AA$-$rated and has a liquidity premium of $0\mathrm{.}20\%\mathrm{.}4-$yr AA$-$rated bonds have a maturity risk premium of $0\mathrm{.}4\%$ and a default risk premium of $3\mathrm{.}5\%.$ Inflation of $2\mathrm{.}0\%$ for first two years and $3\mathrm{.}0\%$ for the next two years is expected. What is the yield on a Salsa Corp. $4-$year bond? Answer in X$.$XX$\%$ format without the percentage sign, so X$.$XX$.$