QUESTION 23 The cost of retained earnings and the cost of new common equity differ because retained earnings is debt, whereas the new common is equity the interest rates differ between the two retained earnings does not involve an investment bank new common stock has a lower cost than retained earnings

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QUESTION 23 The cost of retained earnings and the cost of new common equity differ because retained earnings is debt, whereas the new common is

QUESTION 23 The cost of retained earnings and the cost of new common equity differ because

		retained earnings is debt, whereas the new common is equity
		the interest rates differ between the two
		retained earnings does not involve an investment bank
		new common stock has a lower cost than retained earnings

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