Question $3(1$ point$)$

Lower interest rates $$ stock prices due to a decrease in the $$ for bonds and an increase in the

$$ everything else held constant.

a$)$ reduces; future sales price; expected rate of return

b$)$ increases; required rate of return; dividend growth rate

C$)$ reduces; current dividend; expected rate of return

d$)$ increases; required rate of return; future sales price