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Attempt 1. Preden 0.04 (Honstant Growth Valuation) Hal Enterprises recently paid a dividend. De of $2.25. I expect to have noncontant growth of 254 for

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Attempt 1. Preden 0.04 (Honstant Growth Valuation) Hal Enterprises recently paid a dividend. De of $2.25. I expect to have noncontant growth of 254 for 2 years followed by a constant rate of 3 thereafter. The firm's required return is 14 How far away is the horizon date 1. The terminal, or horizon, dat is the date when the growth rate becomes constant. This cours at the beginning of Vear 2 II. The terminal, or horizon, dat is the date when the growth rate becomes constant. This cours at the end of Year 2 III. The terminal, or horizon, datele infinity since common stocks do not have maturity date. TV. The terminal, or horizon date i Vear since the value of a common stock is the present value of all future expected dividends time zero. The terminal, or horizon, dat is the date when the growth rate becomes nonconstant. This occurs at time rero 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, P. Do not round intermediate calculations. Round your answer to the nearest cent

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