The promised cash flows of three securities are listed below. If the cash flows are risk-free, and the risk-free interest rate is 7.5 % 7.5%, determine the no-arbitrage price of each security before the first cash flow is paid.(Click on the icon located on the top-right corner of the data table below in order to copy its contents into a spreadsheet.)

Security Cash Flow Today ($) Cash Flow in One Year ($)

A 700 700

B 0 1,400

C 1,400 0

The no-arbitrage price of security A is $ ________ (Round to the nearest cent.)