Clearly STATE which of the choices) is/are CORRECT and which are INCORRECT? If a statement is incorrect, you must briefly explain why. (Note: You can write several full sentences in the answer boxes but keep the explanations to 5-30 words) a. The constant growth model is often appropriate to evaluate start-up companies that do not have a stable history of growth but are expected to reach stable growth within the next few years, b. If a stock has a required rate of return of 12% and its dividend is expected to grow at a constant rate of 5%, this implies that the stock's dividend yield is 5 c The dividend discount model for constant growth firms can be used for firms that have expected negative, but constant, growth rates d. The price of a stock is the present value of all expected future dividends, discounted at the dividend growth rate. e. The dividend discount model for constant growth firms cannot be used for a zero growth stock, where the dividend is expected to remain constant over time