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IBM expects to pay a dividend of $6 next year and expects these dividends to grow at 9% a year. The price of IBM is

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IBM expects to pay a dividend of $6 next year and expects these dividends to grow at 9% a year. The price of IBM is $100 per share. What is IBM's cost of equity capital? A. 13.5% B. OC. OD, 14.25% 12% 15%

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