Question: The credit spread Buffin would have to pay is _____ % Use the option data from the table to determine the rate Buffin would have

The credit spread Buffin would have to pay is _____ %

Use the option data from the table to determine the rate Buffin would have paid if it had issued $101.80 billion in zero-coupon debt due in January 2017. Suppose Buffin currently had 318.12 million shares outstanding. implying a market value of $129.11 billion. The current two-year risk-free rate is 4.50%. (Assume perfect capital

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