The Dividend Growth Model $($DGM$)$ cannot be used to value the stock of which of the following firms.

Question $5$ options:

Duck Diagnostics announced that it will pay semiannual dividends expected to grow by $4$ percent annually for the foreseeable future.

Spiral Tek is a rapidly growing company. It will pay dividends of $$4,$ $$8,$ and $$10$ per share over the next three years. After that, the dividend is projected to increase by $2\mathrm{.}5$ percent annually.

Blasco International has preferred stock, paying a constant annual dividend of $$1\mathrm{.}88$ per share.

Impulse Shopper just paid a quarterly dividend of $$1\mathrm{.}50$ per share. Today, the company announced it is suspending all future dividend payments on its common stock.$$

Crocodile Swimwear announced it will increase its quarterly dividends by $0\mathrm{.}5$ percent annually for the foreseeable future.