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The stock of Southern Company is expected to issue a dividend of $ 2 . 3 7 next year. The company would maintain a growth

The stock of Southern Company is expected to issue a dividend of $2.37 next year. The company would maintain a growth rate of 5% in its dividend indefinitely. The stock price is $43.02 today. Which of the following scenarios would have decreased its stock price today?
A. All else being equal, the dividend next year is decreased to $2.15.
B. All else being equal, the required return is smaller than what it is today.
C. All else being equal, the growth rate of the dividends is more than 5%.
D. Both (A) and (B) would have decreased the stock price.

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