You are given the following data:

$r^{**}=$ real risk$-$free rate: $0\mathrm{.}5\%$

Inflation premium $($IP$)$: $4\mathrm{.}0\%$

Maturity risk premium $($MRP$)$: $3\mathrm{.}5\%$

Default risk premium $($DRP$)$: $5\mathrm{.}0\%$

Liquidity risk premium $($LP$)$: $4\mathrm{.}5\%$

Given these conditions, the interest rate on short$-$term corporate bonds is:

$14\mathrm{.}0\%$

$14\mathrm{.}5\%$

$13\mathrm{.}5\%$