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a. How far away is the horizon date? I. The terminal, or horizon, date is the date when the growth rate becomes constant. This occurs

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a. 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 beginning of II. The terminal, or horizon, date is the date when the growth rate becomes constant. This occurs at the end of 2 . III. The terminal, or horizon, date is infinity since common stocks do not have a maturity date. V. The terminal, or horizon, date is the date when the growth rate becomes nonconstant. This occurs at time zero. b. What is the firm's horizon, or continuing, value? Do not round intermediate calculations. Round your answer to the nearest cent. $ c. What is the firm's intrinsic value today, P0 ? Do not round intermediate calculations. Round your answer to the nearest cent. $

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