Goodnews Corp in March 2020 issued bonds with face value of USD 500m maturing in February 2030. The bond promised to make 20 semi-annual coupon payments (starting 10.15.2020) at annual rate of 2.50%. At issuance, the bond was priced with a yield to maturity (YTM) of 2.6150% (APR). Determine the price investors paid for this bond at issuance (per $100 of face value). How much (before bankers fees) did Goodnews Corp collect from the bond purchasers given the size of the issue? If on July 27, 2020, this bond was trading for $108.18 per $100 of face value. With 20 semi-annual coupon payments still remaining (and ignoring the timing issue of the first coupon payment), determine the yield to maturity (YTM) on the bond (in APR) on this date. Given a benchmark of the current 10 UST yield, what is the current default spread for this Goodnews Corp security? How does this compare to the default spread at issuance?