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Problem 3 Intro The preferred stock of General Motors pays an annual dividend of $0.9 forever. The appropriate discount rate is 7% per year. Part

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Problem 3 Intro The preferred stock of General Motors pays an annual dividend of $0.9 forever. The appropriate discount rate is 7% per year. Part 1 Attempt 1/5 for 2 pts. What is the present value of all dividends? 1+ decima Submit

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