Which of the following is most likely a correct statement in regards to stock valuation models? I. The higher the projected dividends and higher the discount rate, the higher the value of the stock today, with all else being constant. II. The higher the required return on the stock, the lower the projected dividends for the stock. III. The higher the expected growth rate of dividends, the higher the value of the stock. I only II and III III only None of the above