Consider a firm that had been priced using an 8.5 percent growth rate and a 10.5 percent required return. 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 9.0 percent rate. How much should the stock price change (in dollars and percentage)? (Do not round intermediate calculations. Round your final answer to 2 decimal places.)

Change in stock price $

Change in stock percent %