Extra Credit Question (worth 4 points) Assume that we are looking at a credit default swap on bonds issued by the Greek government. Assume that a credit default swap on $5 million worth of bonds sells for 500 basis points. Assume that the PV of the default swaps is less than the PV of the expected payout. Will people want to buy or sell credit default swaps at this price? Explain. What will happen to the price of the credit default swap? Explain