1. Describe the kind of company that can be valued with a constant growth dividend discount model. In other words, what conditions must hold to use the constant growth dividend discount model? 2. Under the dividend discount model, are stock prices more affected by short-term or long- term performance? 3. If D1 = $3.50, Po = $50.00, and P1 = $52.00, what are the stock's dividend yield, capital gains yield, and total return? 4. The current dividends paid by Procter & Gamble is $2.10. If analysts expect the dividends to grow at a constant rate of 3% a year and investors require a return of 8% on stocks with similar risk level, how much should the stock be selling for