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For a given company, the cost of internally generated common equity (i.e., retained earnings) is higher than the cost of externally generated common equity (i.e.,

For a given company, the cost of internally generated common equity (i.e., retained earnings) is higher than the cost of externally generated common equity (i.e., new stock issue).

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Cost Accounting A Managerial Emphasis

Cost Accounting A Managerial Emphasis

Authors: Charles T. Horngren, Srikant M. Datar, George Foster

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