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true or false 7. For a given APR(Annual Percentage Rate)., if the compounding period is set to be infinitely short (which means every-moment-compounding or continuously
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7. For a given APR(Annual Percentage Rate)., if the compounding period is set to be infinitely short (which means "every-moment-compounding" or "continuously compounding"), then EAR(Effective Annual Rate) diverges to "infinitely large" (=). [ True / False] Step by Step Solution
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Financial Economics
Authors: Frank J. Fabozzi, Edwin H. Neave, Guofu Zhou
1st Edition
0470596201, 9780470596203
