Multiple Choice
Jumbuck Exploration has a current stock price of $2.00 and is expected to sell for $2.10 in one year's time,immediately after it pays a dividend of $0.26.Which of the following is closest to Jumbuck Exploration's equity cost of capital?
A) 9%
B) 12%
C) 18%
D) 22%
E) 26%
Correct Answer:
Verified
Correct Answer:
Verified
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