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1BM just paid a dividend of $2.5 and expects these dividends to grow at 7% a year. The price of IBM is $90 per share.

1BM just paid a dividend of $2.5 and expects these dividends to grow at 7% a year. The price of IBM is $90 per share. What is IBM's cost of equity capital? OA 9.47% OB. 9.97% OC. 2.98% OD. 7%

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