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Calculate the yield spread of the following floating rate bond: Annual coupon rate = reference + 300 basis points; the bond makes semi-annual coupon payments

Calculate the yield spread of the following floating rate bond: Annual coupon rate = reference + 300 basis points; the bond makes semi-annual coupon payments initial annual reference rate = 6% The bond has a 6-year of term to maturity The bonds par value = USD1000 The price of the bond = USD926.43

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