The constant dividend growth model:

I. assumes that dividends increase at a constant rate forever.

II. can be used to compute a stock price at variant rates any point of time.

III. states that the market price of a stock is only affected by the amount of the dividend.

IV. considers capital gains but ignores the dividend yield.

a. I only

b. II only

c. III and IV only

d. I and II only

e. I, II, and III only