Question: Quantitative Problem: You own a security with the cash flows shown below. 0 1 2 3 4 0 700 395 260 280 If you require

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

700

395

260

280

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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