You Calculate That a Stock Has an Implied Required Rate

You calculate that a stock has an implied required rate of return of 15%, a $2.00 current dividend (D₀) , and a 5% dividend growth rate. If the required rate of return increases to 16%, the stock price will

A) fall by $1.91
B) fall by $2.33
C) rise by $1.91
D) rise by $2.33