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What is the relationship between the cost of retained earnings and the cost of external common equity? Group of answer choices Cost of external common

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

Group of answer choices

Cost of external common equity is higher than the cost of retained earnings.

Cost of external common equity is lower than the cost of retained earnings.

They are usually the same.

Cannot be determined from the given information.

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