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The following table summarizes the yields to maturity on several​ one-year, zero-coupon​ securities: Security Yield ​(%)...

The following table summarizes the yields to maturity on several​ one-year, zero-coupon​ securities: Security Yield ​(%) Treasury 3.06 AAA corporate 3.18 BBB corporate 4.21 B corporate 4.82 a. What is the price​ (expressed as a percentage of the face​ value) of a​ one-year, zero-coupon corporate bond with a AAA​ rating? b. What is the credit spread on​ AAA-rated corporate​ bonds? c. What is the credit spread on​ B-rated corporate​ bonds? d. How does the credit spread change with the bond​ rating? Why?

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