Changes in Growth and Stock Valuation Consider a firm that had been priced using a 12.00 percent growth rate and a 16.00 percent required rate. The firm recently paid a $2.00 dividend. The firm has just announced that because of a new joint venture, it will likely grow at a 14.00 percent rate. How much should the stock price change (in dollars and percentage)?

A. $58.00, 104.00%

B. $50.00, 1.00%

C. $58.00, 1.04%

D. $50.00, 100.00%