ersey Jewel Mining has a beta coefficient of 1.7. Currently the risk-free rate is 1 percent and the anticipated return on the market is 9 percent. JJM pays $4.20 dividend that is growing at 10 percent annually. Do not round intermediate calculations. a. What is the required return for JJM? Round your answer to two dedmal places. b. Given the required return, what is the value of the stock? Round your answer to the nearest cont. 5 c. If the stock is selling for $119, what should you do? The stock overvalued and 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 $119, what course of action should you take given the valuation in d ? The stock is and be purchased