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Problem 14 >> Intro The preferred stock of General Motors pays an annual dividend of $1.6 forever. The appropriate discount rate is 9% per year.

Problem 14 >> Intro The preferred stock of General Motors pays an annual dividend of $1.6 forever. The appropriate discount rate is 9% per year. - Attempt 1/3 for 10 pts. Part 1 What is the present value of the preferred stock? 1+ decimals Submit

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