In Contrast to the FCFE Approach, the Dividend Discount Model

In contrast to the FCFE approach, the dividend discount model (DDM) approach uses:

A) cash flows that are available for distribution to stockholders.
B) the stream of cash flows that stockholders expect to receive through dividend payments.
C) the stream of cash flows that stockholders expect to receive through bonus issue.
D) the stream of cash flows that stockholders expect to receive through stock repurchase.