Jersey Jewel Mining has a beta coefficient of 1.3. Currently the risk-free rate is 2 percent and the anticipated return on the market is 6 percent.

JJM pays a $4.20 dividend that is growing at 3 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 $134, what should you do? The stock -Select- overvalued and -Select- be purchased.

If the beta coefficient declines to 1.2, what is the new value of the stock? Round your answer to the nearest cent. $

If the price remains $134, what course of action should you take given the valuation in d? The stock is -Select- and -Select- be purchased.