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IBM expects to pay a dividend of S6 next year and expects these dividends to grow at 6% a year. The price of IBM is

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IBM expects to pay a dividend of S6 next year and expects these dividends to grow at 6% a year. The price of IBM is $95 per share. What is IBM's cost of equity capital? O A. 12.32% OB. 11.7% O C. 11.08% OD. 9.85%

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