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Jumbuck Exploration has a current stock price of $3.00 and is expected to sell for $3.15 in one year's time, immediately after it pays a

Jumbuck Exploration has a current stock price of $3.00 and is expected to sell for $3.15 in one year's time, immediately after it pays a dividend of $0.39. Which of the following is closest to Jumbuck Exploration's equity cost of capital? A. 9% B. 22.5% C. 18% D. 10.8%

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