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How many bonds will be purchased at the end of year

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Reference no: EM131637879

Question: Suppose that one dollar is invested in zero-coupon bonds maturing after one year. At the end of each year the proceeds are reinvested in new bonds of the same kind. How many bonds will be purchased at the end of year 9? Express the answer in terms of the implied continuous compounding rate.

Reference no: EM131637879

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