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30. Suppose that the CDS spreads for 2- and a 5-year financial instruments are 100 and 130 basis points, respectively. The expected recovery rate is

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30. Suppose that the CDS spreads for 2- and a 5-year financial instruments are 100 and 130 basis points, respectively. The expected recovery rate is 50%. The average hazard rate between between year 2 and year 5 is: a. 0.045 b. 0.03 c. 0.09 d. 0.15

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