Multiple Choice
IBM expects to pay a dividend of $4 next year and expects these dividends to grow at 7% a year.The price of IBM is $90 per share.What is IBM's cost of equity capital?
A) 9.65%
B) 10.23%
C) 10.89%
D) 11.44%
E) 12.36%
Correct Answer:
Verified
Correct Answer:
Verified
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