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Suppose that the expected dividends of the stocks in a broad market index equaled $200 million when the discount rate was 10% and the expected

Suppose that the expected dividends of the stocks in a broad market index equaled $200 million when the discount rate was 10% and the expected growth rate of the dividends equaled 6%. Using the constant-growth formula for valuation, if discount rate increases to 11%, the value of the market will change by:A. 0% B. 10% C. 20% D. 25%

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