Can the dividend discount method ever be used to value a non dividend paying stock and why? Select one: a. Yes, DDM can calculate the value of a firm by making future assumptions about cash flows to the firm b. Yes, DDM can calculate the value of a company's stock by making an educated guess of the future dividends and applying a margin of error c. No, because DDM can calculate only the firm value but not its future dividend expectations d. No, because DDM assumes dividends are the only cash flows equity investors will ever receive from their investment e. Yes, many stocks never pay dividends yet investors are adept at assigning valuations to these firms