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A BBB - rated corporate bond has a yield to maturity of 6 . 3 % . A U . S . Treasury security has

A BBB-rated corporate bond has a yield to maturity of 6.3%. A U.S. Treasury security has a yield to maturity of 4.6%. These yields are quoted as APRs with
semiannual compounding. Both bonds pay semi-annual coupons at a rate of 5.2% and have 5 years to maturity.
a. What is the price (expressed as a percentage of the face value) of the Treasury bond?
b. What is the price (expressed as a percentage of the face value) of the BBB-rated corporate bond?
c. What is the credit spread on the BBB bonds?
a. What is the price (expressed as a percentage of the face value) of the Treasury bond?
The price of the Treasury bond as a percentage of face value is %.(Round to three decimal places.)
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