2. You collect the following data on yields and CDS spreads (all denominated in euros): a) Which maturity offers the best yield relative to Bund yields (i.e., residual spread) if you decide to buy Daimler bonds and hedge with Daimler CDS? b) Assume Daimler issued a new euro-denominated 6-year bond at par with a coupon (= yield) of 1% p.a. Would you probably choose this bond for your strategy over your choice in part a) assuming you were indifferent to maturity? Explain your