If the dividend of a firm grows at a non-constant rate for N periods, after which it will grow at a constant rate, one can compute the value of its stock in three steps: (1) Find the present value of each dividend during the period of non-constant growth and sum them, (2) Find the expected stock price at the end of the non-constant growth period. this price back to the present, (3) add these two components to find the value of the stock today. a. dilute O b.double-count O c. compound O d. discount Stocks A and B have the following data. Assuming the stock market is efficient and the stocks are in equilibrium, which of the following statements is CORRECT? A $25 B $125 Price 10% ?? Expected growth (constant) discount rate or required rate of return 15% 15% a. Stock A has a higher dividend yield than Stock B b. Stock A's expected dividend growth is greater Stock B's expected dividend growth O c. Stock B's expected dividend growth is greater Stock A's expected dividend growth