The basic underlying concepts in stock valuation are: - The intrinsic value of a stock is the present value of all (future) expected dividends, - Since future dividends are not known in advance, an assumption must be made about the rate at which dividends are expected to grow, - If no track record of past dividend payments is available based on which an assumption about future growth rate can be reliably made, the corporate valuation model must be used instead. - Identify which model would be most appropriate for valuing the stock of the three stocks below. In each case, explain why the model you have identified is most appropriate