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IBM expects to pay a dividend of $4 next year and expects these dividends to grow at 8% a year. The price of IBM is

IBM expects to pay a dividend of $4 next year and expects these dividends to grow at 8% a year. The price of IBM is $100 per share. What is IBM's cost of equity capital? O A. 4.8% OB. 3.6% O C. 12% O D. 8%

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