Changes in Growth and Stock Valuation Consider a firm that had been priced using a 14.00 percent growth rate and a 19.00 percent required rate. The firm recently paid a $2.90 dividend. The firm has just announced that because of a new joint venture, it will likely grow at a 16.00 percent rate. How much should the stock price change (in dollars and percentage)? Multiple Choice $46.01, 70.00% $35.00, 1.00% $46.01, .70% $35.00, 100.00%