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umbuck Exploration has a current stock price of $2.15 and is expected to sell for $2.26 in oneyear's time, immediately after it pays a dividend

umbuck Exploration has a current stock price of $2.15 and is expected to sell for $2.26 in oneyear's time, immediately after it pays a dividend of $0.23. Which of the following is closest to JumbuckExploration's equity cost ofcapital?

9.49%

19.76%

7.91%

15.81

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