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Which is the lowest source of financing for companies? A) Bonds as interest expense is tax deductible B) Retained earning as they are free financing

Which is the lowest source of financing for companies? A) Bonds as interest expense is tax deductible B) Retained earning as they are free financing C) Common stock if they are issued without incurring flotation cost D) Preferred stock as tax as preferred dividends are tax deductible for companies E) Preferred stock as they represent tax savings for investors O A OB U OD OE

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