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IBM just paid a dividend of $3.5 and expects these dividends to grow at 9% a year. The price of IBM is $85 per share.

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IBM just paid a dividend of $3.5 and expects these dividends to grow at 9% a year. The price of IBM is $85 per share. What is IBM's cost of equity capital? O A. 12.81% B. 13.49% C. 9% D. 4.05%

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