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What is the relationship between the cost of retained earnings and the cost of external common equity? A. Cost of external common equity is higher

What is the relationship between the cost of retained earnings and the cost of external common equity?

A. Cost of external common equity is higher than the cost of retained earnings.
B. Cost of external common equity is lower than the cost of retained earnings.
C. They are usually the same.
D. Cannot be determined from the given information.

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