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Business, 21.11.2019 21:31 ES123

The capm/sml and discounted cash flow approaches to estimating the cost of retained earnings will be the same under which of the following conditions?

(a) the company's common stock price is in equilibrium.
(b) the company's preferred stock price is in equilibrium.
(c) the company's common stock is undervalued.
(d) none of the above.

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