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Quiz instructions Modify the data on the CDSpricing worksheet in the workbook bonds_and_cds.xlsx to compute a par spread in basis points for a 5yr

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Quiz instructions Modify the data on the CDSpricing worksheet in the workbook bonds_and_cds.xlsx to compute a par spread in basis points for a 5yr CDS with notional principal N =10N=10 million assuming that the expected recovery rate R = 25%R-25%, the 3-month hazard rate is a flat 1\%1%, and the interest rate is 5\%5% per annum. Submission Guideline: Give your answer in basis points rounded to two decimal places (1 bps = 0.01%). For example, if you compute the answer to be 73.2367 bps, submit 73.24. 1 point

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