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12. Investing in Preferred Stock Rigel Hyner is a potential investor of Yippy Pippy Inc's preferred stock, which is currently selling for $500 per share. Yippy Pippy pays a semiannual dividend of $30, and Rigel's required return is 8%. Should he purchase this preferred stock? Yes, if the value based on 8% required return and $30 dividend is more than $500. O Yes, if the value based on 8% required return and $60 dividend is more than $500. O Yes, if the value based on 8% required return and $30 dividend is less than $500 Yes, if the value based on 8% required return and $60 dividend is less than $500