Jersey Jewel Mining hos a beta coefficient of 1.7. Currently the risk-free rate is 4 percent and the anticipated return on the market is 8 percent. JM pays a $4.70 dividend that is growing at 7 percent annually. Do not round intermediate calculations a. What is the required return for DJM7 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 cont. $ c. If the stock is selling for $156, what should you do? The stock -Select overvalued and select be purchased d. If the beta confficient declines to 1.4, what is the new value of the stock? Round your answer to the nearest cent. 5 e. If the price remains $156, what course of action should you take given the valuation in The stock vande be purchased