A BBB$-$rated corporate bond has a yield to maturity of $9\mathrm{.}3\%.$ A U$.$S$.$ Treasury security has a yield to maturity of $7\mathrm{.}6\%.$ These yields are quoted as APRs with semiannual compounding. Both bonds pay semi$-$annual coupons at a rate of $8\mathrm{.}5\%$ and have five 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.

b$.$ What is the price $($expressed as a percentage of the face value$)$ of the BBB$-$rated corporate bond?

The price of the BBB$-$rated corporate bond as a percentage of face value is $\%.($Round to three decimal places.$)$

c$.$ What is the credit spread on the BBB bonds?

The credit spread on the BBB bonds is $\%.($Round to two decimal places.$)$