choose the following that are correct:

a) the dividend discount model estimates the intrinsic value of a stock by using dividends, time value of money and required returns

b) according to the dividend discount model, dividends to be paid in the distant future are less important than those to be paid in the near future.

c) the dividend discount model is likely to be appropriate to value stocks in a mature industry

d) the dividend discount model is ideal to value stocks that do not pay dividends