Which of the following statements is correct? Growth stocks usually have relatively high payout ratio.b. The stock valuation model, PO = D1/(rs - g), can be used for firms that have expected negative, but constant, growth rates. The price of a stock is the present value of all expected future dividends, discounted at the dividend growth rate.d. The constant growth model cannot be used for a zero growth stock, where the dividend is expected to remain constant over time