Which of the following statements is true about the general dividend valuation model?

It implies that the underlying value of a share of stock is determined by the market's expectations of the future dividends that the firm will generate.

The model cannot be used to calculate the value of a common stock unless the dividends exceed the firm's expected growth rate.

It implies that the value of a growth stock can be determined by forecasting the future price of the stock.

It implies that the value of a firm's common stock can be determined only if the expected future dividends are finite.