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Investors in IBM common stock expect the firm to pay a dividend next year of $2.21 per share. Investors also expect these dividends to grow

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Investors in IBM common stock expect the firm to pay a dividend next year of \$2.21 per share. Investors also expect these dividends to grow at a rate of 9% per year. The price of IBM common stock is currently $85 per share. Based on this information, IBM's current cost of common equity capital is closest to which of the following? A. 2.60% B. 9.00% C. 11.60% D. 6.40%

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