To determine the contribution of the nonconstant dividends to the current stock price assuming the rate of return is Rs$,$ you must

Multiple choice question.

use Rs to discount each dividend to the present and add them together.

use Rs to discount only the first nonconstant dividend to the present.

add the nonconstant dividends and apply them to the current stock price.

use Rs to discount only the last nonconstant dividend to the present.