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Problem 4 Quantitative Problem: You own a security with the cash flows shown below. 0 1 2 3 4 0 630 390 240 300 If

Problem 4

Quantitative Problem: You own a security with the cash flows shown below.

0 1 2 3 4
0 630 390 240 300

If you require an annual return of 12%, what is the present value of this cash flow stream? Round your answer to the nearest cent. Do not round intermediate calculations.

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