Jersey Jewel Mining has a beta coefficient of $1\mathrm{.}4.$ Currently the risk$-$free rate is $2$ percent and the anticipated return on the market is $8$ percent. JJM pays a $$4\mathrm{.}30$ dividend that is growing at $8$ percent annually. Do not round intermediate calculations.

What is the required return for JJM$?$ Round your answer to two decimal places.

$\%$

Given the required return, what is the value of the stock? Round your answer to the nearest cent.

$

If the stock is selling for $$216,$ what should you do$?$

The stock

$-$Select$-$

overvalued and

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be purchased.

If the beta coefficient declines to $1\mathrm{.}3,$ what is the new value of the stock? Round your answer to the nearest cent.

$

If the price remains $$216,$ what course of action should you take given the valuation in d$?$

The stock is

$-$Select$-$

and

$-$Select$-$

be purchased.