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IBM just paid a dividend of $4.5 and expects these dividends to grow at 6% a year. The price of IBM is $100 per share.

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IBM just paid a dividend of $4.5 and expects these dividends to grow at 6% a year. The price of IBM is $100 per share. What is IBM's cost of equity capital? A. 10.23% B. 3.23% C. 10.77% D. 6%

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