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investors in IBM common stock expect the firm to pay a dividend next year of...

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Finance

investors in IBM common stock expect the firm to pay a dividend next year of $1.97 per-share
investors also expect these dividends to grow at a rate of 7% per year the price of IBM common stock is currently $80 per share based on this information IBM's current cost of common equity capital is closest to which of the following?
image
O A. 7.00% O B. 9.46% O C. 4.54% OD. 2.46%

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