In order to apply the dividend valuation model (DVM) to analyze a stock, the analyst must first estimate 1. the stock's expected return II. the appropriate growth rate(s) for a firm's dividends over time III. the stock's required return IV. an exit price for the stock at some point in the future Oll and Ill only oll only OL. II, III, and IV 1, II and IV II, III and IV