Excel Online Structured Activity: Interest rate premiums A 5-year Treasury bond has a 4.7% yleld. A 10-year Treasury bond yields 6%, and a 10-year corporate bond yields 9.25%. The market expects that inflation will average 1.8% over the next 10 years (IP20 - 1.8%). Assume that there is no maturity risk premium (MRP = 0) and that the annual real risk- free rate, r*, will remain constant over the next 10 years. (Hint: Remember that the default risk premium and the liquidity premium are zero for Treasury Securities: DRP - LP - 0.) A 5-year corporate bond has the same default risk premium and liquidity premium as the 10-year corporate bond described. The data has been collected in the Microsoft Excel Online file below. Open the spreadsheet and perform the required analysis to answer the question below. 1 Open spreadsheet What is the yield on this 5-year corporate bond? Round your answer to two decimal places. Check My Work Reset