Ch 115. Jersey Jewel Mining has a beta coefficient of 1.2. Currently the risk-free rate is 2 percentand the anticipated return on the market is 8 percent.JJM pays a $4.50 dividend that is growing at 4 percent annually.

a)What is the required return for JJM?

b)Given the required return, what is the value of the stock?

c)If the stock is selling for $80, what should you do?

d)If the beta coefficient declines to 1.0, what is the new value of the stock?

e)If the price remains $80, what course of action should you take given the valuation in (d)?

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