A BBB-rated corporate bond has a yield to maturity of 9.6%. A U.S. Treasury security has a yield to maturity of 8.2%. These yields are quoted as APRs with semiannual compounding. Both bonds pay semi-annual coupons at a rate of 8.7% and have five years to maturity. Please round to three decimals for each answer. Thanks!

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?