Change in stock price and change in stock percent

Assignment Help Financial Management

Reference no: EM131519801

Consider a firm that had been priced using a 13.5 percent growth rate and a 15.5 percent required return. The firm recently paid a $1.95 dividend. The firm has just announced that because of a new joint venture, it will likely grow at a 14.0 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.) Change in stock price $ Change in stock percent %

Reference no: EM131519801

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