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Problem 6-17 Liquidity Premium Theory (LG6-7) The Wall Street Journal reports that the rate on 6-year Treasury securities is 6.55 percent and the rate on

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Problem 6-17 Liquidity Premium Theory (LG6-7) The Wall Street Journal reports that the rate on 6-year Treasury securities is 6.55 percent and the rate on 7-year Treasury securities is 6.70 percent. The 1-year risk-free rate expected in six years is, , . is 730 percent Acco what is the liquidity premium on the 7-year Treasury security, Ly? (Do not round intermediate calculations. Round your final answer to 2 decimal places.) Liquidity premium

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