CDS and a) Extract the Turkey default hazard rate from Turkey VS Risk Free Rate Curves provided below. Choose maturity. maturity and do the analysis for that specific Use recovery rate as 40%. CDS US Risk Free Rote Maturity Spread Maturity Rate 1Y 2.1540% (Y 0.0913% 2Y 2.5629% 24 0.1209% 34 2.8325% 34 0.1673% 44 3.0768% GY 0.2662% 5Y 3. 3144% SY 0.3630% 74 3.5213% 74 0.6458% 104 3.6285 % 104 0.9256% 204 3.8445% 204 1.4576% 304 304 1.6626% 3.9862% b) From table below, choose the Turkey Euroband which has the closest maturity to the one that recovery selected in part A. Use you Compare your pricing result to the reported price? Why are rate as 40%. they different? Maturity Bond ISM Price Coupon (%) US900123B451 US 9001230Z27 US 900 12.3 CA66 US 900 123 CFS3 US300 123 CVOG US 900123 Awos usgoo 123 CJ75 US 900 123 Ck4g US 900 123 CL 22 US 900 123 CP 36 US 900 123 ALGO US 900 123 CT57 US 900 123 DA57 US 900 123 AT75 US 900 123 A460 US 900 123 BB58 106. 8935 110.9885 98.3415 100. 5265 105.6045 100.4100 144.7745 114.5920 103.6750 118.2040 107.6735 111. 1825 102.439 5.125 25.03 2022 104.5285 6.25 26. 09. 2022 99.4255 3.25 104.7315 5.75 6.35 7.375 23.03.2023 22.03. 2024 10.08.2024 05.02. 2025 4.25 14.04. 2026 111111111 6.875 09. 10. 2026 1111111 T 6 25.03. 2027 5.125 11.875 17.02. 2028 15. 01, 2030 7.625 26.04.2029 5.95 8 6.875 7.254 TTT T 15.01.2031 14.02. 2034 17. 03. 2036 os. 03 2038 continued Bond IsN Price Coupon (%) Maturity US 9001238646 105.7110 6.75 30.05.2040 US 900123 BJ84 97.6525 6 14.01.2041 US900123C637 103.1515 6.625 17.02.2045 US 900123 CBGO 86.4135 4.875 16.04.2043 US 900 12 3 cmos 93.6725 5.75 11.05.2047