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Freeport McMoran has a 8B rated bond trading at $105, that matures in 8 years and is callable at par in 3 years at 100

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Freeport McMoran has a 8B rated bond trading at $105, that matures in 8 years and is callable at par in 3 years at 100 . What is the best spread measure of how the market is phicing its credt risk? Yitid io Maturity minus 3 yeat Treasury yield. Option hajutted Spread Yeld to Masurty minus b year Treasury yold Yela to Coll minus 3 year Treasury Yeld

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