Jersey Jewel Mining has a beta coefficient of 1.5 . 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 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 $134, what should you do? The stock overvalued and be purchased. d. If the beta coefficient declines to 1.4 , what is the new value of the stock? Round your answer to the nearest cent. $ e. If the price remains $134, what course of action should you take given the valuation in d ? The stock is and be purchased