Stock owned by the organizers of the firm who have sole voting rights is preferred stock. common equity. founders' shares. convertible equity. retained earnings. Which of the following statements is correct? The constant growth dividend discount model may be used to value a stock if the stock's dividends are expected to grow forever at a constant rate which is less than the required rate of return on the stock. If the growth rate of a stock is nonconstant, we assume the growth rate is constant in computing a stock's value. If the constant growth rate of a stock is more than the required rate of return, the constant growth dividend discount model must be used to value the stock. Two of the answer choices are correct. None of the answer choices is correct