Which of the following statements is correct?

A) The dividend growth model takes into consideration the capital gains earned on a stock.

B) Assume that the required return on a given stock is 13%. If the stock's dividend is growing at a constant rate of 5%, its expected dividend yield is 5% as well.

C) A stock's dividend yield can never exceed its expected growth rate.

D) A required condition for us to use this dividend growth model is that a stock's expected growth rate exceeds its required rate of return.

E) The price of a stock is the present value of all expected future dividends, discounted at the divident growth rate.