The Wall Street Journalreports that the rate on 3-year Treasury securities is 6.95 percent and the rate on 4-year Treasury securities is 7.35 percent. The 1-year risk-free rate expected in three years is,E(₄r₁), is 7.95 percent. According to the liquidity premium hypotheses, what is the liquidity premium on the 4-year Treasury security,L₄?(Do not round intermediate calculations. Round your final answer to 2 decimal places.)