a. How far away is the horiron date? 1. The terminal, or horizon, date is Year 0 tince the value of a common stock is the present value of all future expected didends at time zero. II. The terminal, or horiton, date is the date when the growth rate becomes nencenstant. This occurs at time zero. IIt. The teiminal, or tharison, date is the date when the growth rate becomes constant. This gecurs at the beginning of Year 2 . N. The terminal, or horizon, date is the cate when the grewth rate becomes constart. This occuss at the end of Year 2. . The terminal, or herkon, date is inf nity since common stocks do not have a maturity date. b. What is the firm's horizon, or continuing, value? Do not round intermediate calculations. llound your answer to the nearest cent. 6. What is the firm's intrinst valie todar, 7 Do not round intermedate calculations, Round your answer to the nearest cent