QUESTION 17 Which of the following statements is(are) true? 1. Preferred stocks are an example of constant dividend stocks. II. The corporate valuation model cannot be used unless a company pays dividends. II. For non-constant growth firms, stock price is not equal to the present value of all future dividend payments. O only Oll only I and II only 1 and ill only I, II, and I are all correct QUESTION 17 Which of the following statements is(are) true? 1. Preferred stocks are an example of constant dividend stocks. 11. The corporate valuation model cannot be used unless a company pays dividends. III. For non-constant growth firms, stock price is not equal to the present value of all future dividend payments. O only O ll only O and Il only 0 I and Ill only 1, II, and Ill are all correct