The dividend growth model:

I. assumes that dividends increase at a constant rate forever. II. can be used to compute an equity price at any point in time. III. can be used to value zero-growth equities. IV. requires the growth rate to be less than the required return.

a)I and III only b)II and IV only c)I, III, and IV only d)I, II, and IV only e)I, II, III, and IV