Problem $24-2$ Bond ratings

In February $2018,$ Aaa bonds yielded $2\mathrm{.}36\%,$ Baa bonds yielded $3\mathrm{.}43\%,$ and Treasuries with the same maturities yielded $0\mathrm{.}676\%.$

a$.$ What was the credit spread on Aaa bonds?

b$.$ What was the spread on Baa bonds?

c$.$ What do you think would be the difference in price $($as a percent of face value$)$ between a typical $5\%10-$year Baa bond and a similar Treasury bond?

Note: Do not round intermediate calculations. Enter your answers as a percent rounded to $3$ decimal places for requirements a and $b$ and to $2$ decimal places for requirement $c.$

$\backslash$table$[[$a$.$ Credit spread on Aaa bonds,$\%$