Now let$$s solve the yield spread of the following floating rate bond:

$$ The maturity of the bond is $3$ years

$$ Face value of the bond is $100$ while the price of the bond is $99\mathrm{.}6098$

$$ Its coupon rate is reference rate $+100$ basis points where the initial reference rate is $8\%$

$$ The bond makes semi$-$annual coupon payments