What is the primary limitation of the dividend growth model?

		Dividends will continue to grow at a constant rate indefinitely.
		The required return must be less than the perpetual growth rate.
		The next year's dividend is hard to estimate.

What is the primary limitation of the constant dividend increment model?

		Dividends will continue to grow at a constant dollar amount indefinitely.
		The required return must be greater than the dividend growth rate implied by the constant amount.
		Dividend cannot decrease over time