4 Quantitative Problem: You own a security that provides an annual dividend of $105 forever. The securitys annual return is 9%. What is the present value of this security? Do not round intermediate calculations. Round your answer to the nearest cent.

5 uneven cash flows

You own a security with the cash flows shown below.

Periods

0

1

2

3

4

Cash flows

0

630

360

270

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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