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Jumbuck Exploration has a current stock price of $ 2.35 $2.35 and is expected to sell for $ 2.47 $2.47 in one year's time, immediately

Jumbuck Exploration has a current stock price of $ 2.35

$2.35 and is expected to sell for $ 2.47

$2.47 in one year's time, immediately after it pays a dividend of $ 0.38

$0.38. Which of the following is closest to Jumbuck Exploration's equity cost of capital?

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