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Quantitative Problem: You own a security with the cash flows shown below. 0 1 2 3 4 0 620 380 250 330 If you require
Quantitative Problem: You own a security with the cash flows shown below.
0 | 1 | 2 | 3 | 4 |
0 | 620 | 380 | 250 | 330 |
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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