CONSTANT GROWTH VALUATION Holtzman Clothiers's stock currently sells for $38.00 a share. It just paid a dividend of $2.00 a share (i.e., Do $2.00). The dividend is expected to grow at a constant rate of 5% a year. What stock price is expected 1 year from now? What is the required rate of return? NONCONSTANT GROWTH VALUATION Holt Enterprises recently paid a dividend, Do, of $2.75. It expects to have nonconstant growth of 18% for 2 years followed by a constant rat of 6% thereafter. The firm's required return is 12%. a. How far away is the horizon date? b. What is the firm's horizon, or continuing, value? c. What is the firm's intrinsic value today, Po