You are required to price a number of bonds (30 in all). We start by considering a 2% Treasury bond, maturing in 7 years. Price this bond at yields to maturity of

47 basis points under CY20.

153 basis points over CY20.

353 basis points over CY20

. . . .

1 753 basis points over CY20.

where CY20 is the Australian 10-year government bond yield for calendar year 2020, which is 0.97%