1.)

Holt Enterprises recently paid a dividend, D0, of $2.75. It expects to have nonconstant growth of 18% for 2 years followed by a constant rate of 8% thereafter. The firm's required return is 13%.

How far away is the horizon date?

I. The terminal, or horizon, date is the date when the growth rate becomes constant. This occurs at the end of Year 2.

II. The terminal, or horizon, date is infinity since common stocks do not have a maturity date.

III. The terminal, or horizon, date is Year 0 since the value of a common stock is the present value of all future expected dividends at time zero.

IIII. The terminal, or horizon, date is the date when the growth rate becomes nonconstant. This occurs at time zero.

V. The terminal, or horizon, date is the date when the growth rate becomes constant. This occurs at the beginning of Year 2.

-Select-IIIIIIIVVItem 1

What is the firm's horizon, or continuing, value? Round your answer to two decimal places. Do not round your intermediate calculations. $

What is the firm's intrinsic value today, P?0? Round your answer to two decimal places. Do not round your intermediate calculations. $

2.)

Weston Corporation just paid a dividend of $1 a share (i.e., D0 = $1). The dividend is expected to grow 9% a year for the next 3 years and then at 3% a year thereafter. What is the expected dividend per share for each of the next 5 years? Round your answers to two decimal places.

D1 = $ D2 = $ D3 = $ D4 = $ D5 = $

3.)

Suppose you are the money manager of a $5.35 million investment fund. The fund consists of four stocks with the following investments and betas:

Stock	Investment	Beta
A	$ 340,000	1.50
B	600,000	(0.50)
C	1,460,000	1.25
D	2,950,000	0.75

If the market's required rate of return is 10% and the risk-free rate is 3%, what is the fund's required rate of return? Do not round intermediate calculations. Round your answer to two decimal places.

****Please show work i am stuck on these i want to study these types of questions for my test tomorrow