Question: Quantitative Problem: You own a security with the cash flows shown below. 0 1 2 3 4 0 630 350 270 280 If you require
Quantitative Problem: You own a security with the cash flows shown below.
| 0 | 1 | 2 | 3 | 4 |
| 0 | 630 | 350 | 270 | 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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