The value of any stock estimated by the dividend growth model depends on both the dividend

stream and any expected capital gains. What variables are used in the dividend growth model to find

the value of a stock?

The most recent dividend, the expected dividend growth rate, the required rate of return on the stock, and the

expected capital gains yield

The most recent dividend, the expected dividend growth rate, and the required rate of return on the stock

The expected dividend growth rate, the required rate of return on the stock, and the expected capital gains

yield

The most recent dividend, the expected dividend growth rate, and the expected capital gains yield