Changes in Growth and Stock Valuation Consider a firm that had been priced using a 6 percent growth rate and a 9 percent roquired rate. The firm recently paid a $.80 dividend. The firm has just announced that because of a new joint venture, it will likely grow at a 7 percent rate. How much should the stock price change (in dollars and percentage)? Multiple Choice $14.53,34% 514,53,51% 59,73,239 59.73,440