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You own a stock with a beta of 1.5. The stock will pay a dividend of $1.50 next year and the dividend is expected to

You own a stock with a beta of 1.5. The stock will pay a dividend of $1.50 next year and the dividend is expected to grow by 10% indefinitely. The risk-free rate is 1% and the market risk premium is 10%.

Given political events, the market risk premium rises to 12%. All other information given above remains the same.

What is the expected percentage change in the stock price? Give your answer in decimal form out to four places (0.1456).

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