Treasury bonds with 7-year maturity are yielding 7.75% per year. A corporate bond with the same maturity is yielding 12% per year. The real risk-free rate is 4.5% and the average inflation premium is 2.65%. The maturity risk premium is estimated to be 0.1* (t-1) %, where t=number of years to maturity. The default risk premium is 2.5%. Calculate the liquidity risk premium on the corporate bonds?