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Q3) Suppose the CDS spread of 3,5 and 10 year instrument is 20,30 , and 50 basis point with recovery rate of 75%. Compute the

Q3) Suppose the CDS spread of 3,5 and 10 year instrument is 20,30 , and 50 basis point with recovery rate of 75%. Compute the average hazard rate for 5 years, compute the average hazard rate between year 3 and 5. [Point 2]

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