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Mira is considering investing some money in preferred stocks of Sunrise Corporation. The security is currently selling for RM55.50 and pays a dividend of RM2.90

Mira is considering investing some money in preferred stocks of Sunrise Corporation. The security is currently selling for RM55.50 and pays a dividend of RM2.90 per share per year. Mira requires a return of 6.10 percent from her investment. Should she invest in Sunrise's preferred stocks?

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