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Intro The preferred stock of General Motors pays a dividend of $2 every quarter. The...

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Intro The preferred stock of General Motors pays a dividend of $2 every quarter. The appropriate discount rate is 8% per quarter. Part 1 Attempt 1/1 What is the price of this preferrred stock? Attempt 1/1 If you expect to receive the $2 every quarter for exactly 3 years and nothing thereafter, what is the present value of those cash flows

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