$1$

Multiple Choice $1$ point $42$

$\backslash$table$[[$Bond$,$Coupon Rate,Time$-$to$-$Maturity,Price$],[$UK Government,$2\%,3$ years,$100\mathrm{.}25],[$Benchmark Bond,$2,3$ years,$100\mathrm{.}65],[$UK Corporate Bond,$5\%,,]]$

Both bonds pay interest annually. The current three$-$year EUR interest rate swap benchmark is $2\mathrm{.}12\%.$ The G$-$spread in basis points $($bps$)$ on the UK corporate bond is closest to:

$264$ bps$.$

$285$ bps$.$

$300$ bps$.$