The text presents a formula where left parenthesis $1$ plus i right parenthesis equals left parenthesis $1$ minus p right parenthesis left parenthesis $1$ plus i plus x right parenthesis plus p left parenthesis $0$ right parenthesis$(1+$i$)=(1$p$)(1+$i$+$x$)+$p$(0)$ where i is the nominal interest rate on a riskless bond x is the risk premium p is the probability of default$($bankruptcy$)$ Part $2$ If the probability of bankruptcy is$$ zero, the rate of interest on the risky bond is ii $.$ Part $3$ When the nominal interest rate for a risky borrower is $1414\%$ and the nominal policy rate of interest is $44\%,$ the probability of bankruptcy is enter your response here$\%.$

When the probability of bankruptcy is

$44\%$

and the nominal policy rate of interest is

$55\%,$

the nominal interest rate for a risky borrower is