Solved: Suppose that one dollar is invested in zero-coupon bonds, Mathematics

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Suppose that one dollar is invested in zero-coupon bonds

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.

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Mathematics: Suppose that one dollar is invested in zero-coupon bonds

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