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General Motors is raising $250 million by issuing mandatory convertible preferred stock. The company's share price is $50, and the conversion premium is 20%. How

General Motors is raising $250 million by issuing mandatory convertible preferred stock. The company's share price is $50, and the conversion premium is 20%. How many shares does General Motors have to deliver to investors at maturity if the share price at that time is $65.00?

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