The company Zayas, Inc. decided to carry out an expansion project, for which it needed additional funds. Preferred shares were issued that pay $6 in dividends, with a par value of $60. These shares are selling in the market for $50 per share. If similar at-risk alternatives available to you yield 15%, you: (USE FORMULA)

a. I would buy the shares because they are worth more than they cost.

b. I wouldn't buy the shares because they cost more than they're worth.

c. You wouldn't buy the stock because its market value is below par.

d. You would buy the stock because its yield exceeds the market rate.