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%

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The Answer of 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%

IBM Expects to Pay a Dividend of $4 Next Year