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9-4 Holt Enterprises recently paid a dividend of $2.75. It expects to have nonconstant growth of 18% for 2 years followed by a constant rate

9-4

Holt Enterprises recently paid a dividend of $2.75. It expects to have nonconstant growth of 18% for 2 years followed by a constant rate of 6% thereafter. The firms required return is 12%?

a) how far away is the horizon date?

b) what is the firm's horizon or coninuing value?

c)What is the firms intrinsic value today P₀?

please show work

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