The Following Information Relates to Question 42 Both Bonds Pay Interest Annually

Multiple Choice

The following information relates to Question 42
$\begin{array} { l c c r } \text { Bond } & \text { Coupon Rate } & \text { Time-to-Maturity } & \text { Price } \\\hline \text { UK Government Benchmark Bond } & 2 \% & 3 \text { years } & 100.25 \\\text { UK Corporate Bond } & 5 \% & 3 \text { years } & 100.65 \\\hline\end{array}$
both bonds pay interest annually. The current three-year EuR interest rate swap benchmark is 2.12%.
-The G-spread in basis points (bps) on the uK corporate bond is closest to:

A) 264 bps.
B) 285 bps.
C) 300 bps.