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The Wall Street Journal reports that the rate on 8 - year Treasury securities is 6 . 7 5 percent and the rate on 9

The Wall Street Journal reports that the rate on 8-year Treasury securities is 6.75 percent and the rate on 9-year Treasury securities is 7.10 percent. The 1-year interest rate expected in eight years, E(r19)
, is 7.70 percent. According to the liquidity premium hypotheses, what is the liquidity premium on the 9-year Treasury security, L9
?

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