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You run across the following bond quotation on a Friday. Rate Maturity Mo/Yr BID Asked Chg. Asked YLD 7.500 Nov 24 131:06 131:07 9 5.04

You run across the following bond quotation on a Friday.

Rate Maturity Mo/Yr BID Asked Chg. Asked YLD

7.500 Nov 24 131:06 131:07 9 5.04

What kind of security is it?

Interpret the information contained in the quote.

Suppose a corporate bond with the same time to maturity has a credit risk spread of 250 basis points. What should be the yield to maturity for the corporate bond?

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