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Given CDS spreads with the following tenors Risk free rate of 5% flat continuously compounded and a recovery rate of 40%. What are the risk

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Given CDS spreads with the following tenors Risk free rate of 5% flat continuously compounded and a recovery rate of 40%. What are the risk neutral default probabilities for each year? What is the value of an existing 5-year CDS with a 200bp spread? What is the par 5 -year Binary CDS spread

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