Question 11 Which one of the followings is not a drawback of DGM (Dividend Growth Model)? Dividend payments tend to be a by product investment activities and their timing and amount depends strongly on the firm's investment opportunities. In the long run, dividends may reveal very little about the firm's equity value. Predicting dividends for growth firms is tedious task. a The model requires calculating a discount rate re. The model may not be applicable to all companies