Which of the following statements concerning security valuation is FALSE()
A. The best way to value a company with high and unsustainable growth that exceeds the required return is to use the temporary supernormal growth (multistage) model.
B. The best way to value a company with no current dividend but who is expected to pay dividends in three years is to use the temporary supernormal growth (multistage) model.
C. A firm with a $1.50 dividend last year, a dividend payout ratio of 40% , a return on equity of 12%, and a 15% required return is worth $18.24.
