Consider a two$-$year bond with a principal of $$100$ paying coupons semiannually. Zero rates, measured with continuous compounding, are as in the below table. What is par yield.

$\backslash$table$[[$Maturity $($years$),$Zero rate $(\%)$ with continuous compounding$],[0\mathrm{.}5,5],[1\mathrm{.}0,6],[1\mathrm{.}5,7],[2\mathrm{.}0,8]]$

$8\mathrm{.}52\%$

$8\mathrm{.}93\%$

$7\mathrm{.}85\%$

$8\mathrm{.}06\%$