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Aeryn Soon is a potential investor of Hippy Dippy lnc.'s preferred stock, which is currently selling for $475 per share. Hippy Dippy pays an annual

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Aeryn Soon is a potential investor of Hippy Dippy lnc.'s preferred stock, which is currently selling for $475 per share. Hippy Dippy pays an annual dividend of $40, and Aeryn's required return is 8 percent. Should she purchase this preferred stock or NOT? Why

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