Which of the following has the highest cost of capital?

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Which of the following has the highest cost of capital? Answer: Equity shares

Equity generally has the highest cost of capital because shareholders require a higher return for taking on greater risk compared to debt or preference shares, which have fixed obligations.

Question context

This question is part of 🌍 Current Affairs within the broader 🌐 Current Affairs & GK subject and appears in the SPSC – Sindh Public Service Commission preparation collection. Reviewing the answer together with nearby questions helps reinforce the underlying concept and identify how it may appear in competitive exams.