chang ge in dollars and percentage)? LG8-5) 8-32 Changes in Growth and Stock Valuation Consider a firm that had been priced using an 11.5 percent growth rate and a 13.5 percent required return. The firm recently paid a $1.50 dividend. The firm has just announced that because of a new joint venture, it will likely grow at a 12 percent rate. How much should the stock price change (in dollars and percentage)? (LG8-5) Variable Growth A fast-growing firm recently paid a dividend of $0.35 ner 8-33