Consider a firm that had been priced using a 13.5 percent growth rate and a 15.5 percent required return. The firm recently paid a $2.25 dividend. The firm has just announced that because of a new joint venture, it will likely grow at a 14.0 percent rate.

How much should the stock price change (in dollars and percentage)? (Do not round intermediate calculations and round your final answers to 2 decimal places.)

Change in stock price $

Change in stock percent %