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23. An investor considers the purchase of a 1.5-year bond with a 6% coupon rate, with interest paid semiannually. The bond is currently trading at

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23. An investor considers the purchase of a 1.5-year bond with a 6% coupon rate, with interest paid semiannually. The bond is currently trading at 94 per $100 face value. Assuming the sequence of treasury spot rates given to you, this bond's Z-spread is closest to: Maturity Spot Rates (%) 0.5 0.93 1.0 1.31 1.5 2.0 1.88 2.5 3.0 2.19 3.5 4.0 4.5 5.0 2.62 a. 695 bps b. 418 bps 884 bps d. 550 bps c

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