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Why is the cost of retained earnings equal to the firm's required rate of return on its common stock (Ke)? HINT: Do NOT Google these

Why is the cost of retained earnings equal to the firm's required rate of return on its common stock (Ke)? HINT: Do NOT Google these questions and then assume you are receiving accurate information. Please use our course resources and consult only credible outside resources which must be properly cited. Please elaborate and provide as many details as possible. Cite any sources or recommend sources for diving deeper in detail.

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