The Wall Street Journalreports that the rate on 6-year Treasury securities is 5.75 percent and the rate on 7-year Treasury securities is 6.00 percent. The 1-year risk-free rate expected in six years is,E(₇r₁), is 6.60 percent. According to the liquidity premium hypotheses, what is the liquidity premium on the 7-year Treasury security,L₇?(Do not round intermediate calculations. Round your final answer to 2 decimal places.)