Jersey Jewel Mining has a beta coefficient of 1.7. Currently the risk-free rate is 4 percent...

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Jersey Jewel Mining has a beta coefficient of 1.7. Currently the risk-free rate is 4 percent and the anticipated return on the market is 8 percent. JJM pays a $3.50 dividend that is growing at 8 percent annually. Do not round intermediate calculations. a. What is the required return for JJM? Round your answer to two decimal places. % b. Given the required return, what is the value of the stock? Round your answer to the nearest cent. c. If the stock is selling for $167, what should you do? The stock -Select- overvalued and -Select- $ be purchased. d. If the beta coefficient declines to 1.5, what is the new value of the stock? Round your answer to the nearest cent. e. If the price remains $167, what course of action should you take given the valuation in d? The stock is -Select- and -Select- be purchased. Jersey Jewel Mining has a beta coefficient of 1.7. Currently the risk-free rate is 4 percent and the anticipated return on the market is 8 percent. JJM pays a $3.50 dividend that is growing at 8 percent annually. Do not round intermediate calculations. a. What is the required return for JJM? Round your answer to two decimal places. % b. Given the required return, what is the value of the stock? Round your answer to the nearest cent. c. If the stock is selling for $167, what should you do? The stock -Select- overvalued and -Select- $ be purchased. d. If the beta coefficient declines to 1.5, what is the new value of the stock? Round your answer to the nearest cent. e. If the price remains $167, what course of action should you take given the valuation in d? The stock is -Select- and -Select- be purchased.