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Problem 14 You have until 10:01 PM to complete this assignment. Intro The preferred stock of General Motors pays an annual dividend of $1 forever.

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Problem 14 You have until 10:01 PM to complete this assignment. Intro The preferred stock of General Motors pays an annual dividend of $1 forever. The appropriate discount rate is 3% per year. Part 1 | Attempt 1/1 for 10 pts. What is the present value of all dividends? 1+ decimals Save

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