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If $1,000 is the present value of $1,250 to be received at the end of two years, what is the one-year discount factor (to the
If $1,000 is the present value of $1,250 to be received at the end of two years, what is the one-year discount factor (to the closest hundredth of a percentage point)? 0.89 1.25 0.80 None of the above
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