Corporate Credit Spreads 1 Rating AAA AA A BBB BB B CCC Credit Spread in Basis Points Time to Maturity 3 5 10 30 65 90 100 50 95 110 135 90 125 175 200 120 150 220 250 225 300 350 450 320 420 500 620 500 700 850 1050 20 140 170 250 300 520 680 1300 Central Perk Co. just issued 20-yr coupon bonds rated at BB. The bonds sold at their $100 par value. 20-yr treasury notes have a YTM of 3.6%. Question 11 (3 points) What is the coupon rate on Central Perk's bond? (Reminder: Price = $100 par value) Enter your answer as a whole number without a % sign (i.e. for 5% simply enter 5) Your