Suppose that the risk-free zero curve is flat at 0.05 per annum with continuous compounding and that defaults can occur

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Suppose that the risk-free zero curve is flat at 0.05 per annum
with continuous compounding and that defaults can occur half way
through each year in a new two-year credit default swap. Suppose
that the recovery rate is 0.26 and the default probabilities each
year conditional on no earlier default is 0.02 Estimate the credit
default swap spread. Assume payments are made annually. Rates are
quoted in numbers, i.e. 0.05 is 5% rate. Please write your answer
also in numbers.