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The 10 year US treasury yield is 2.35%. A new issue 10 year GE corporate bond is issued with a coupon of 4.6. What is

The 10 year US treasury yield is 2.35%. A new issue 10 year GE corporate bond is issued with a coupon of 4.6. What is the credit spread of the GE bond?

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4.6%

235 bps

2.35%

225 bps

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