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Jumbuck Exploration has a current stock price of $2.85 and is expected to sell for $2.99 in one year's time, immediately after it pays a

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Jumbuck Exploration has a current stock price of $2.85 and is expected to sell for $2.99 in one year's time, immediately after it pays a dividend of $0.23. Which of the following is closest to Jumbuck Exploration's equity cost of capital? A. 7.79% B. 12.98% C. 6.49% D. 16.23%

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