Using the four zero rates from the "Sample Zero Rates" slide, use Goal Seek to find the Par Yield of a two year maturity semi-annual bond. Hint: Discount each cash flow using the appropriate zero rate, calculate the price, and then find the coupon that sets this price equal to $100 using Goal Seek.

Sample Zero Rates Maturity (years) 0.5 1.0 1.5 2.0 Zero rate (continuous compounding) 5.0% 5.8% 6.4% 6.8%