xercise 3 (6 marks) i. What are the 0.5-year and 1-year zero rates (continuously compounding) implied from the table below? Assume coupons are paid semi-annually for coupon bonds. ( 2 marks) ii. Suppose that the 6-month, 12-month, 18-month, and 24-month zero rates are 5.10%,5.00%,4.80% and 4.75%, respectively. What is the two-year par yield? Verify the solution is correct by showing the discounted cashflows at the par yield. Round all answers to 4 decimal places. (4 marks)