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Suppose that next year the expected dividends of the stocks in a broad market index equaled $ 5 , 0 0 0 , 0 0
"Suppose that next year the expected dividends of the stocks in a broad market index equaled $ when the discount rate was and the expected growth rate of the dividends equaled Using the constantgrowth formula for valuation, if interest rates change to the percentage change in the value of the market index is Note: Express your answers in strictly numerical terms. For example, if the answer is write
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