Suppose that the risk-free zero curve is flat at 5% annum with continuous com and that defaults can occur at per in recovery halfway through each year the ain vanilla credit default swap with semiannual payments. Suppose that zero) is 1% at rate is 30% and the unconditional probabilities of default (as seen at time times 0.5 years and 1.0 years, and 2.0% at times 1.50 years and 2.0 years. What is the credit default swap spread?