Question: Quantitative Problem: You own a security with the cash flows shown below. 0 0 2 3 4 0 640 385 260 340 If you require


Quantitative Problem: You own a security with the cash flows shown below. 0 0 2 3 4 0 640 385 260 340 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 Quantitative Problem: Bank 1 lends funds at a nominal rate of 10% with payments to be made semiannually. Bank 2 requires payments to be made quarterly. If Bank 2 would like to charge the same effective annual rate as Bank 1, what nominal interest rate will they charge their customers? Round your answer to three decimal places. Do not round intermediate calculations. 0
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