Ewert Enterprises' stock currently sells for $30.50 per share. The stock's dividend is projected to increase at a constant rate of 7.00% per year. The required rate of return on the stock, rS, is 12.50%. What is Ewert's expected price 2 years from today? a. 34.92 b. 32.64 c. 37.36 d. 39.98 Which of the following statements is correct? a. The price of a stock is the present value of all expected future dividends, discounted at the dividend growth rate. b. The constant growth model cannot be used for a zero growth stock, where the dividend is expected to remain constant over time. c. Growth stocks usually have relatively high payout ratio. d. The stock valuation model, P0=D1/(rsg), can be used for firms that have expected negative, but constant, growth rates