Question: Quantitative Problem: You own a security with the cash flows shown below. 0 1 2 3 0 650 360 280 240 X If you

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

Quantitative Problem: You own a security with the cash flows shown below. 0 1 2 3 0 650 360 280 240 X If you require an annual return of 12%, what is the present value of this cash flow stream? Round your answer to the nearest cent. Do not round interm calculations.

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