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Assume that the interest rate on a 10-year treasury bond is 0.7%, and the YTM for ABC Corp 10-year bonds is 5.9%. If the coupon

Assume that the interest rate on a 10-year treasury bond is 0.7%, and the YTM for ABC Corp 10-year bonds is 5.9%. If the coupon rate on these bonds is 3.25%, what is the credit spread, expressed in basis points?

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