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Which one of the followings is incorrect regarding to cost of equity: O On average, it is higher than cost of debt. It moves in

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Which one of the followings is incorrect regarding to cost of equity: O On average, it is higher than cost of debt. It moves in the same direction with tax rates. O It is affected by return on market portfolio. For a dividend paying company, it is sensitive to growth expectations for future dividends. O It is highly dependent on risk level of the firm and growth rate

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