K9 Corporation

K9 Corporation five year bond yield 7.00%, and five year T-bond yield 5.15% The rfr is 3.0%, the inflation premium for five year bonds IP = 1.75% the liquidity premium for the bonds is LP = 0.75% versus zero for the T-bonds, and the maturity risk premium for all bonds is found with the formula MRP= (t-1)*0.1%, where t = number of years to maturity. what is the default risk premium for the company's bonds