Intro The preferred stock of General Motors pays a dividend of $2 every quarter. The appropriate discount rate is 6% per quarter. Part 1 18 | Attempt 1/3 for 10 pts. What is the present value of the preferred stock? 33.33 Correct Since this is a perpetuity (constant payment forever), the present value is PMT 2 PV = = 33.33 I 0.06 Part 2 8 Attempt 3/3 for 10 pts. If you expect to receive the $2 every quarter, starting one quarter from now, for exactly 8 years and nothing thereafter, what is the present value of the preferred stock? 1+ decimals Submit