Following are U.S. Treasury benchmarks available on December 31, 2007:

US/T 3.125 11/30/2009 3.133 US/T 3.375 11/30/2012 3.507 US/T 4.25 11/15/2017 4.096 US/T 4.75 02/15/2037 4.518 Based on the above, complete the following table:

On the same day, the following trades were executed:

The yield spread between two corporate bond issues reflects more than just differences in their credit risk. What other factors would the yield spread reflect?

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Issue TWC 6.55 05/01/2037 MKC 5.75 12/15/2017 GS 5.45 11/01/2012 Treasury Yield (%) Benchmark Benchmark Spread (bps) 6.373 5.685 4.773 Relative Yield Spread Yield Ratio