Which one of the following sets of dividend payments best meets the definition of two-stage growth as it applies to the two-stage dividend growth model? A. no dividends for 5 years, then increasing dividends forever B. $1 per share annual dividend for 2 years, then $1.25 annual dividends forever C. decreasing dividends for 6 years followed by one final liquidating dividend payment D. dividends payments which increase by 2, 3, and 4 percent respectively for 3 years followed by a constant dividend thereafter E. dividend payments which increase by 10 percent per year for 5 years followed by dividends which increase by 3 percent annually thereafter