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9-4 NONCONSTANT GROWTH VALUATION. Hart Enterprises recently paid a dividend, DO, of S1.25. It expects to have nonconstant growth of 20% for 2 years followed

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9-4 NONCONSTANT GROWTH VALUATION. Hart Enterprises recently paid a dividend, DO, of S1.25. It expects to have nonconstant growth of 20% for 2 years followed by a constant rate of 5% thereafter. The firm's required return is 10%. a. How far away is the terminal, or horizon, date? b. What is the firm's horizon, or terminal, value? c. What is the firm's intrinsic value today, P

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