16 Problem 8-31 Changes in Growth and Stock Valuation (LG8-5) Consider a firm that had been priced using a 10 percent growth rate and a 12 percent required return. The firm recently paid a $1.20 dividend. The firm just announced that because of a new joint venture, it vwill likely grow at a 10.5 percent rate. oints How much should the stock price change (in dollars and percentage)? (Round your answers to 2 decimal places.) eBook Hint Change in stock price Print Change in stock percent References