Lee Corp.$\text{'}$s $5-$year bonds yield $7\mathrm{.}80\%$ and $5-$year T$-$bonds yield $5\mathrm{.}20\%.$ The real risk$-$free rate is r$*=2\mathrm{.}5\%,$ the inflation premium for $5-$year bonds is IP $=1\mathrm{.}50\%,$ the default risk premium for Lee's bonds is DRP $=1\mathrm{.}50\%$ versus zero for T$-$bonds, and the maturity risk premium for all bonds is found with the formula MRP $=($t $1)\backslash$times $0\mathrm{.}3\%,$ where t $=$ number of years to maturity. What is the liquidity premium $($LP$)$ on Kay's bonds?