Question: An essential aspect of continuous compounding is that: Select one: a. It only applies to bonds that pay interest. b. Interest is earned on the
An essential aspect of continuous compounding is that: Select one: a. It only applies to bonds that pay interest. b. Interest is earned on the reinvestment of previous interest payments. c. There is an upper limit to the corresponding EAR no matter how large the number of within year compounding periods. d. None of the above.
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