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please verify answer:) IBM expects to pay a dividend of $3 next year and expects these dividends to grow at 8% a year. The price

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IBM expects to pay a dividend of $3 next year and expects these dividends to grow at 8% a year. The price of IBM is $95 per share. What is IBM's cost of equity capital? A. 10.6% B. 10.04% C. 8.93% OD 11.16%

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