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The cost of internal equity (retained earnings) is: (A) equal to the cost of external equity (new shares). (B) equal to the average cost of
The cost of internal equity (retained earnings) is: (A) equal to the cost of external equity (new shares). (B) equal to the average cost of equity, if also new shares are issued.
(C) equal to the cost of debt (bonds). (D) more than the cost of external equity (new shares). (E) less than the cost of external equity (new shares).
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