The Wall Street Journal reports that the rate on 6-year Treasury securities is 725 percent and the rate on 7-year Treasury securities is 760 percent. The 1-year risk-free rate expected in six years is, (y), is 8 20 percent. According to the liquidity premium hypotheses, what is the liquidity premium on the 7-year Treasury security. 1. ? (Do not round Intermediate calculations. Round your final answer to 2 decimal places.) Liquidity premium