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Quantitative Problem: You own a security with the cash flows shown below. 0 1 2 3 4 0 670 365 220 280 If you require

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

670

365

220

280

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

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