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The discount factor of an amount of $1 to be received in 2 years for an annual nominal interest rate of 8% compounded semi-annually is:
The discount factor of an amount of $1 to be received in 2 years for an annual nominal interest rate of 8% compounded semi-annually is:
a) 0.85
b) 0.95
c) 1.00
d) 1.17
e) 0.04
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