You purchase a 4 year credit spread call option on a 5.5% corporate bond maturing in 12 years from today, with a strike spread of 59bps. The benchmark obligation matures at the same time and has a coupon of 4.3%. Suppose the benchmark obligation settles at 98.35 when the option expires. (Assume the underlying in the option is the bond itself.) a) What is the strike price of the option when it expires