Sav Homework: Chapter 8 Homework Score: 0 of 1 pt 3 of 7 (5 complete) Problem 8.L03.27 (similar to) HW Score: 71.43%, 5 of 7 Question Help Company Y's common stock recently paid a dividend of $5. They have traditionally grown their dividend at 5%. However, after a year of great performance, they hav decided to begin growing their dividend at 6%. The price of the common stock is $75.00. If the required return on the common stock is 12%, what will the new stock price be after the change in the dividend growth rate? The new stock price after the change in the dividend growth rate will be $ (Round to the nearest cent.)