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7 Assume an efficient capital market. We have the following information about corporate bond A att = 0. The nominal (face) value of the bond is 1000.0. The remaining maturity is 1 year and the annual coupon rate is 5.0%. The probability of default equals 50.0%. In case of default, the cash flow will be 900,0. The 1-year spot rate (ru) is 2.0%. At t=0 the price of the bond A is 875.0. 1.0p Calculate the credit spread of bond A. Round your answer to two decimals (e.g. enter 12.34567% as 12.35)