HW 6 QUESTION 4, PLEASE HELP WILL GIVE THUMBS UP

(Common stock valuation) Dubai Metro's stock price was at $90 per share when it announced that it will cut its dividend for next year from $8 per share to $4 per share, with additional funds used for expansion. Prior to the dividend cut, Dubai Metro expected its dividends to grow at a 6 percent rate, but with the expansion, dividends are now expected to grow at 9 percent. How do you think the announcement will affect Dubai Metro's stock price? a. What is the investor's required rate of return for Dubai Metro's stock? \% (Round to two decimal places.)