A BBB-rated corporate bond has a yield to maturity of 7.4%. A U.S. treasury security has a yield to maturity of 5.6%. These yields are quoted as APRs with semiannual compounding. Both bonds pay semi-annual coupons at a rate of 6.4% 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? Suppose a seven-year, $1,000 bond with a 7.7% coupon rate and semiannual coupons is trading with a yield to maturity of 6.63%. If the yield to maturity of the bond rises to 7.48% (APR with semiannual compounding), what price will the bond trade for? The new price of the bon Round to the nearest cent.)