Consider a firm that had been priced using a 9.5 percent growth rate and an...
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Consider a firm that had been priced using a 9.5 percent growth rate and an 11.5 percent required return. The firm recently paid a 1.75 dividend. The firm has just announced that because of a new joint venture, it will likely grow at a 10.0 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.) I have the Change in stock percent right but can't get the change in stock price right and it is not 33.357. Will someone please give me the right answer because I can't keep using my questions for the same question.
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