Problem 11-05 Jersey Jewel Mining has a beta coefficient of 1.5. Currently the risk-free rate is 3 percent and the anticipated return on the market is 6 percent. IJM pays a $5.00 dividend that is growing at 5 percent annually. Do not round intermediate calculations. a. What is the required return for ]]M? Round your answer to two decimal places. 96 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 $233, what should you do? The stock -Select-overvalued and -Select- be purchased. d. If the beta coefficient declines to 1.3, what is the new value of the stock? Round your answer to the nearest cent. $ e. If the price remains $233, what course of action should you take given the valuation in d? The stock is -Select and select be purchased