Suppose that next year the expected dividends of the stocks in a broad market index equaled $5,000,000

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Suppose that next year the expected dividends of the stocks in a broad market index equaled $5,000,000 when the discount rate was 11% and the expected growth rate of the dividends equaled 8%. Using the constant-growth formula for valuation, if interest rates change to 10%, 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 5%, write 0.05