Multiple Choice
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 $0.28. Which of the following is closest to Jumbuck Exploration's equity cost of capital?
A) 7.17%
B) 8.60%
C) 14.33%
D) 17.91%
Correct Answer:
Verified
Correct Answer:
Verified
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