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Quantitative Problem: You own a security with the cash flows shown below. Year 0: 0 Year 1: 660 Year 2: 395 Year 3: 240 Year

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

Year 0: 0

Year 1: 660

Year 2: 395

Year 3: 240

Year 4: 310

If you require an annual return of 10%, 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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