As a financial manager for Fake Company Zeta, you have been evaluating your company's preferred shares. The
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Question:
As a financial manager for Fake Company Zeta, you have been evaluating your company's preferred shares. The dividend on those shares is $2.49 and has been at that number for many years. The market price of these shares hovers around $64.34. What does this imply about the opportunity cost of investing in these preferred shares, based on market prices?
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