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Quantitative Problem: You own a security with the cash flows shown below. 0 1 2 3 4 0 600 390 260 300 If you require

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

600

390

260

300

If you require an annual return of 10%, 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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