The Wal Street Joumal reports that the rate on three-year Treasury securities is 525 percent and the rate on four-year Treasury secunties is 550 percent. The one-year interest rate expected in three years, E(4r1). is 6.10 percent. According to the liquidity premium theory, what is the liquidity premium on the four-year Treasury security, L4 ? (Do not round intermediate colculations. Round your percentoge answer to 2 decimal places. (e.g., 32.16))