Question: Modify the data on the worksheet in the workbook _. to compute a par spread in basis points for a 5yr CD5 with notional principal

Modify the data on the worksheet in the workbook _. to compute a par spread in basis points for a 5yr CD5 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 5913596 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 T3236? bps, submit F324

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