IBM expects to pay a dividend of $3 next year and expects these dividends to...
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IBM expects to pay a dividend of $3 next year and expects these dividends to grow at 9% a year. The price of IBM is $80per share. What is IBM's cost of equity capital?
A. 12.75%
B. 11.48%
C. 12.11%
D. 10.2%
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