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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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