Intl Business Machines Corp has a common stock that will pay a dividend of $8 per share next year. If the common stock p

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answerhappygod
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Intl Business Machines Corp has a common stock that will pay a dividend of $8 per share next year. If the common stock p

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Intl Business Machines Corp has a common stock that will pay a
dividend of $8 per share next year. If the common stock price today
is $157 and the growth rate of firm is 0, find the cost of capital
for common stock.
Group of answer choices
2.28%
none of the answers is correct.
5.10%
9.33%
16.96%
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