The $$1,000$ bonds of Telstra, issued $5$ years ago with a coupon rate of $5\mathrm{.}4\%$ paid semi$-$annually, currently have a yield$-$to$-$maturity of $6\mathrm{.}75\%,$ which means they are trading for $$1,136\mathrm{.}54.$ At the same time, Treasury bonds with the same term to maturity are trading for $$1,107\mathrm{.}49,$ which means they have a yield$-$to$-$maturity of $3\mathrm{.}85\%.$ Considering this information, what is the credit spread on ANZ bonds?

Group of answer choices

we can not answer this question without knowing the term to maturity of the bonds

$2\mathrm{.}90\%$

$3\mathrm{.}85\%$

$2\mathrm{.}88\%$