Suppose that the CDS spreads for 5-year and 10-year instruments are 60 basis points and 130 basis points, respectively, with an expected recovery rate of 45%. What are the average default intensities over 5 years and 10 years? (Use the bootstrap approximation method.) Question 41 options: 1.09% and 2.18%, respectively 1.09% and 2.36%, respectively 1.18% and 2.36%, respectively 1.18% and 2.18%, respectively