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IBM expects to pay a dividend of $3 next year and expects these dividends to grow at 7% a year. The price of IBM is

IBM expects to pay a dividend of $3 next year 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? O A. 8.27% OB. 10.33% OC. 9.82% OD. 9.3% grad

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