Problem 8-31 Changes in Growth and Stock Valuation (LG8-5) Consider a firm that had been priced using a 9 percent growth rate and an 11 percent required return. The firm recently paid a $1.70 dividend. The firm just announced that because of a new joint venture, it will likely grow at a 9.5 percent rate. How much should the stock price change (in dollars and percentage)? (Round your answers to 2 decimal places.) Change in stock price Change in stock percent : %