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

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Jumbuck Exploration has a current stock price of $2.35 and is expected to sell for $2.47 in one year's time, immediately after it pays a dividend of $0.32. Which of the following is closest to Jumbuck Exploration's equity cost of capital? 18.72% 23.4% 11.23% 9.36%

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