Annual spot rates for the next 10 years are given as below. A 10 -year bond, with 7% annual coupon (paid annually) is traded for $102.94. Find the static spread and report it in basis points. (e.g. if the answer is 2.5%, write it as 250 . You do not need to report the fractional part of bps.) Annual spot rates for the next 10 years are given as below. A 10 -year bond, with 7% annual coupon (paid annually) is traded for $102.94. Find the static spread and report it in basis points. (e.g. if the answer is 2.5%, write it as 250 . You do not need to report the fractional part of bps.)