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Suppose a firm retains some of its earnings as dividends. The present value of growth opportunities will be positive if choose your answer... choose your

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Suppose a firm retains some of its earnings as dividends. The present value of growth opportunities will be positive if choose your answer... choose your answer... the expected return on the new investments equals the cost of equity the expected return on the new investments exceeds the cost of equity the cost of equity exceeds the expected return on the new investments

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