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When we use the constant growth model to estimate the value of stock, and we end up calculating a price per share for the stock,

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When we use the constant growth model to estimate the value of stock, and we end up calculating a price per share for the stock, what dividend or dividends are "captured" or "valued" by the calculation? (i.e., the price reflects the current value of what?) only the most recent dividend paid (D.). O only the next expected divided to be paid (D). only the future dividends that will occur up to the point in time when the stock is to be sold all the future dividends that will ever be paid

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