Jersey Jewel Mining has a beta coefficient of $1\mathrm{.}2.$ Currently the risk$-$free rate is $2$ percent and the anticipated return on the market is $7$ percent. JJM pays a $$5\mathrm{.}20$ dividend that is growing at $4$ 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 $$159,$ what should you do$?$

The stock overvalued and be purchased.

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

e$.$ If the price remains $$159,$ what course of action should you take given the valuation in $d?$

The stock is and be purchased.