The market interest rate is going to increase by 10%. Which of the following companies' stock prices will drop the most in percentage term?

A) A company that is not expected to pay any dividend for the next 20 years, will pay the first dividend of $5/share in the 21th year, and after that dividends will increase at a rate of 5% per year indefinitely

B) A company that just paid $5/share dividend and the dividend will grow at 5% per year

C) A company that is not expected to pay any dividend for the next 10 years, will pay the first dividend of $5/share in the 11th year, and after that dividends will increase at a rate of 5% per year indefinitely