risk differences

differences in the investor's required return

expenses incurred by the firm for the creation and marketing of the securities

a higher standard deviation for external equity

QUESTION $24$

The "net" proceeds are adjusted for

depreciation

flotation cost

operating expenses

all of the above

QUESTION $25$

Which method of determining equity costs is the most subjective?

DCF for new common equity

DCF for retained earnings

CAPM

BYRP