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Jernigan Asset Management is a professional money manager. Last year, the manager's portfolio had a beta of 1.7 and a realized return of 1.9%. If

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Jernigan Asset Management is a professional money manager. Last year, the manager's portfolio had a beta of 1.7 and a realized return of 1.9%. If the overall stock market returned 3.5%, and T-bills returned 2.6%, what was the ABNORMAL return for this portfolio? Enter your answer as a decimal showing four decimal places. That is, if your answer is 5.25%, enter .0525. Stevens Company stock will pay dividends of $1.28 one year from today and $1.96 one year after that. Then, in year three and continuing every year thereafter, annual dividends will be a constant $2.59. If investors require a 10.3% rate of return, what is a fair price for the stock today? Round your answer to the nearest penny

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