Mid Quality Co$.$s $30-$year bonds yield $7\mathrm{.}55\%,$ and $30-$year T$-$bonds yield $2\mathrm{.}55\%.$ The real risk$-$free rate is r$*=-3\mathrm{.}25\%.$ The liquidity premium on High Quality Co$.$s bonds is $1\mathrm{.}05\%.$ The maturity risk premium is found with the formula MRP $=($t $-1)$ x $0\mathrm{.}1\%$ for all bonds, where t $=$ number of years to maturity. What is the default risk premium $($DRP$)$ on High Quality Co$.$s bonds?

$3\mathrm{.}60\%$

$3\mathrm{.}95\%$

$2\mathrm{.}90\%$

$5\mathrm{.}00\%$

$6\mathrm{.}85\%$