Question 2

Intro The preferred stock of General Motors pays a dividend of $2 every quarter. The appropriate discount rate is 9% per quarter. Part 1 Attempt 1/3 for 10 pts. What is the present value of the preferred stock? 22.2 Correct Part 2 Attempt 1/3 for 10 pts. If you expect to receive the $2 every quarter, starting one quarter from now, for exactly 5 years and nothing thereafter, what is the present value of the preferred stock? 11+ decima Submit