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18. Based on the Generalized Dividend Model of stock prices, how would you expect each of the following shocks to affect the overall level of
18. Based on the Generalized Dividend Model of stock prices, how would you expect each of the following shocks to affect the overall level of stock prices (up, down, or no change), all else equal? In each case, explain the reasoning behind your prediction. a. An increase in the overall level of interest rates b. An increase in the rate of macroeconomic growth c. An increase in the relative riskiness of stocks, compared to other assets
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