1. Conjugate the verb preferir in all forms in the present tense

2. What takes place in the conjugation that makes this verb a stem changing verb?

1. The verb preferir conjugated in the present tense is as follows:

- Yo prefiero (I prefer)
- Tú prefieres (You prefer)
- Él/Ella/Usted prefiere (He/She/You(formal) prefer)
- Nosotros/Nosotras preferimos (We prefer)
- Vosotros/Vosotras preferís (You all prefer)
- Ellos/Ellas/Ustedes prefieren (They/You all prefer)

2. The stem changing in the verb preferir occurs in the third person singular and plural forms (él/ella/usted, ellos/ellas/ustedes). The stem "e" changes to "ie" in these forms. This means that in the present tense, the vowel "e" in the stem "prefer-" changes to "ie," resulting in the conjugated forms prefieres, prefiere, preferimos, preferís, and prefieren. This is a common pattern in stem-changing or boot verbs in Spanish.