It is time to update a model that only ran through $2019.$ Which steps will you take to update the fair value of your company's stock?

Select an answer:

Use a reasonable growth rate, then adjust the inputs in the model that rely on stock value with the most recent information.

Use a reasonable growth rate, then adjust the inputs in the model that rely on stock value by the ending year in your previous model.

Use a reasonable growth rate, then adjust the inputs in the model that rely on stock value by the growth rate you used.

Use a reasonable growth rate, then adjust the inputs in the model that rely on stock value by the average in your previous model.