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IBM expects to pay a dividend of $2 next year and expects these dividends to grow at 9% a year. The price of IBM is
IBM expects to pay a dividend of $2 next year and expects these dividends to grow at 9% a year. The price of IBM is $80 per share. What is IBM's required rate of return?
a. 11.50%
b. 10.35%
c. 10.93%
d. 9.20%
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Finance Applications and Theory
Authors: Marcia Cornett
4th edition
1259691411, 978-1259691416
