please use excel

A company has one- and two-year bonds outstanding, each providing a coupon of 6% per year payable annually. The yields on the bonds (expressed with continuous compounding) are 4.0% and 4.5%, respectively. Risk-free rates are 2.0% for all maturities. The recovery rate is 35%. Defaults can take place halfway through each year. Estimate the risk-neutral default rate each year. A company has one- and two-year bonds outstanding, each providing a coupon of 6% per year payable annually. The yields on the bonds (expressed with continuous compounding) are 4.0% and 4.5%, respectively. Risk-free rates are 2.0% for all maturities. The recovery rate is 35%. Defaults can take place halfway through each year. Estimate the risk-neutral default rate each year