Q6) A Bond with a face value of 100M defaults, with an expected recovery rate of 50%. The bond investor has a long position on the CDS for the Bond. What will the bond investor receive from the CDS seller? [Point 1] Q7) A portfolio consists of a five-year par yield (coupon rate = yield) of 5%. The CDS costs 100 basis points. If the risk-free rate is 3.5%, how can you arbitrage [ Point 1]