Problem $2-16($LG $2-7)$

The Wall Street Journal reports that the rate on three$-$year Treasury securities is $5\mathrm{.}16$ percent and the rate on four$-$year Treasury securities is $5\mathrm{.}49$ percent. The one$-$year interest rate expected in three years, E$($r$14)$

$,$ is $6\mathrm{.}1$ percent. According to the liquidity premium theory, what is the liquidity premium on the four$-$year Treasury security, L$4$

$?$

Note: Do not round intermediate calculations. Round your percentage answer to $2$ decimal places $($e$.$g$.,32\mathrm{.}16).$