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Consider a firm that had been priced using a 12 percent growth rate and a 14 percent required return. The fum recently paid a $205

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Consider a firm that had been priced using a 12 percent growth rate and a 14 percent required return. The fum recently paid a $205 dividend. The firm just announced that because of a new joint venture. It will likely grow at a 12.5 percent rate How much should the stock price change in dollars and percentage)? (Round your answers to 2 decimal places.) Answer is complete but not entirely correct. $ Change in stock price Change in stock percent 33 25 33.93%

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