Quantitative Problem: You own a security with the cash flows shown below. ...
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Accounting
Quantitative Problem: You own a security with the cash flows shown below.
| 0 | 1 | 2 | 3 | 4 |
| 0 | 600 | 390 | 260 | 300 |
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.
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