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Business, 20.08.2019 20:20 OojohnnyoO116

Which of the following differentiates the cost of retained earnings from the cost of newly-issued common stock? a) the cost of the pre-emptive rights held by existing shareholdersb) the greater marginal tax rate faced by the now-larger firmc) the flotation costs incurred when issuing new securitiesd) the larger dividends paid to the new common stockholders

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