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Jumbuck Exploration has a current stock price of $2.65 and is expected to sell for $2.78 in one year's time, immediately after it pays a

Jumbuck Exploration has a current stock price of $2.65 and is expected to sell for $2.78 in one year's time, immediately after it pays a dividend of $0.29. Which of the following is closest to Jumbuck Exploration's equity cost of capital? a)12 b)9 c)18 d)22. I ALREADY KNOW THE ANSWER IS 18, BUT I WANT TO KNOW HOW YOU GET IT.

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