Which of the following is most likely a correct statement in regards to stock valuation models? 1. The lower the expected dividends and higher the discount rate, the higher the value of the stock today, with all else being constant II. The lower the required return on the stock, the lower the projected dividends for the stock, with all else being constant. III. The higher the expected growth rate of dividends, the higher the value of the stock I onty 11 and 111 11 only None of the above