K (Common stock valuation) Dubai Metro's stock price was at $95 per share when it announced that it will cut its dividend for next year from $7 per share to $3 per share, with additional funds used for expansion. Prior to the dividend cut, Dubai Metro expected its dividends to grow at a 6 percent rate, but with the expansion, dividends are now expected to grow at 9 percent. How do you think the announcement will affect Dubai Metro's stock price? a. What is the investor's required rate of return for Dubai Metro's stock? % (Round to two decimal places.)