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Which of the following statements is correct? If you are standing at the horizon point, then the growth rate from that point on is non-constant.

Which of the following statements is correct?

If you are standing at the horizon point, then the growth rate from that point on is non-constant.

When calculating stock value, we must account for all cash flows including the dividend we received at t = 0.
When calculating stock value, we must account for all cash flows except for those beyond the horizon point.

You can only use the Gordon constant growth model when the growth rate is constant and when rs < g.

The g in the Gordon constant growth model represents the growth rate both in dividends and in expected stock price.

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