Question: On May 1 0 th 2 0 2 3 Apple Inc. issued a 1 0 - year bond with a coupon rate of 4 .

On May 10th 2023 Apple Inc. issued a 10-year bond with a coupon rate of 4.30%. What was the credit spread on this bond offering? Answer in percent showing two decimal places (don't include the % sign).

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