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

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Investors in IBM common stock expect the firm to pay a dividend next year of $179 per share Investors also expect these dividends to grow at a rate of 7% per year. The price of IBM common stock is currently $77 per share. Based on this information, IBM's current cost of common equity capital is closest to which of the following? O A. 9.32% B. 7.00% OC. 2.32% OD. 4.68%

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