Which of the following statements is correct? (I) The preferred stock is the stock with...

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Finance

Which of the following statements is correct?

(I) The preferred stock is the stock with the preference over common stock in payment of dividends and liquidation

(II) According to the constant dividend growth model, the value of a stock depends on the current dividend level, divided by the equity cost of capital minus growth rate

(III) The sum of the dividends and share repurchases is the total payout of a company

Select one:

a. I and II only

b. II and III only

c. I and III only

d. I,II and III

e. None of the above

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