Which of the Following Is not a Major Variable That

Multiple Choice

Which of the following is not a major variable that affects the aggregate stock market earning multiplier in a country?

A) Required rate of return on common stock in the country
B) Expected growth rate of dividends for the stocks in the country
C) Composite dividend-payout ratio for common stocks in country
D) Composite debt to equity ratio for firms in the country
E) All of the above are major variables for a country's aggregate stock market earnings multiplier