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Which of the following is NOT part of the cost of capital? A. dividends paid to shareholders B. wages paid to hourly workers C. interest

Which of the following is NOT part of the cost of capital?

A. dividends paid to shareholders

B. wages paid to hourly workers

C. interest payments made to bondholders

D.capital gains created for shareholders by retaining the firm's earnings

E. All of the above are part of the cost of capital

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