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The preferred stock of General Motors pays a dividend of $2 every quarter. The appropriate discount rate is 6% per quarter. Attempt 1/3 for 10

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The preferred stock of General Motors pays a dividend of $2 every quarter. The appropriate discount rate is 6% per quarter. Attempt 1/3 for 10 pts. What is the present value of the preferred stock? Attempt 1/3 for 10 pts. If you expect to receive the $2 every quarter, starting one quarter from now, for exactly 4 years and nothing thereafter, what is the present value of the preferred stock

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