The above information is for a corporate bond issued by the Markel Corporation. What sort of bond is this?

an investment grade bond

a high$-$risk bond

a speculative bond

a high$-$yield bond

$$480\mathrm{.}00$

$$688\mathrm{.}00$

$$584\mathrm{.}80$

$$658\mathrm{.}44$

A firm issues two$-$year bonds with a coupon rate of $6\mathrm{.}7\%,$ paid semiannually. The credit spread for this firm's two$-$year debt is $0\mathrm{.}8\%.$ New two$-$year Treasury notes are being issued at par with a coupon rate of $3.$

should the price of the firm's outstanding two$-$year bonds be per $$100$ of face value?

$$126\mathrm{.}40$

$$105\mathrm{.}34$

$$84\mathrm{.}27$

$$147\mathrm{.}47$