Use the following information for the next $3$ questions:

The spread between the yield on a six$-$year bond issued by a company and the yield on a similar risk$-$free bond is $85$ basis points. Assuming a recovery rate of $30\%,$ estimate the average hazard rate per year over the six$-$year period. If the spread is $60$ basis points for a three$-$year bond, what is the average hazard rate per year over the six years?

$1\mathrm{.}214\%$

$0\mathrm{.}857\%$

$1\mathrm{.}572\%$

$1\mathrm{.}423\%$

$1\mathrm{.}522\%$

Next two questions are:

What is the average hazard rate per year over the three years?

$2.$ What is the average hazard rate for years $4,5,$ and $6?$