The preferred stock of General Motors pays an annual dividend of $1.6 forever. The appropriate discount rate is 7% per year. Attempt 1/3 for 10 pts. Part 1 What is the present value of all dividends

Present Value of all dividends =  $22,857,142.86  

Explanation:

A perpetuity is a series of cash flows that is receivable or payable for indefinitely number of years

The present value of a perpetuity is determined as follows:

PV= A/r

PV - Present  value of a perpetuity, A- annual cash flow(dividend),- 1,600,000 r- interest rate - 7%

PV = 1,600,00 ÷ 0.07=  22,857,142.86  

Present Value of all dividends =  $22,857,142.86  

the correct answer is:

it required the president to inform congress within forty-eight hours of any new troop commitment.

the war powers resolution (1973) is a federal law designed to limit the u.s. president’s ability to initiate or intensify military actions abroad without the approval of the congress.

it establishes that the president can send armed forces into action abroad only by declaration of war by congress, statutory authorization, or in case of a national emergency created by attack upon the united states, its territories or possessions, or its armed forces.

it requires the president to notify congress within 48 hours of sending armed forces to military action.