An analyst is reviewing a bond for investment purposes.The bond is expected to have a default probability of 3%,with an expected loss of 75 basis points in the event of default.If the current risk-free rate is 2%,what is the minimum coupon spread needed on the bond for its expected return to match the risk-free rate?
A.90 basis points
B.120 basis points
C.180 basis points
D.240 basis points