Miss Moneypenny is protection seller for a 5-year Credit Default Swap (CDS), with a mts) notional value of $1,000,000. Her counterparty the protection buyer for the CDS is Mr. Bond. The recovery rate f of the reference bond is 35%. The CDS premium is 2% per year. a If the premium is paid quarterly, what is the quarterly premium in dollars? 5000 If this premium is paid quarterly, in any given quarter during this 5-year period ... Who pays how much to whom if the reference bond does not default? And protection buyer pays $5,000 to Miss Moneypenny every quarter ... Who pays how much to whom if the reference bond does default? Miss Moneypenny, protection seller pays $650,000 650000