D0 = 4

non constant growth = 22% fir 2 years followed by a contant rate of 8% thereafter.

required return = 9%

Holt Enterprises cenda dividend, Da of 14.00. It was to have no constant growth of 224 for 2 years followed by constant rate of others. The firm's required returi a. How far way in the horizonte the terminal, oder since the value of a common is the went of all receivindim 11. The term or handle when the growth rate becomes monconstant. This worst time IIThe term of bortion, dat I growth rate becomes con This cours at the beginning of year The terminohosen, date is the date when the growth rate becomes constant. This cours at the end of year 2 W. The terminal, or hordate infinity since common stocks do not have a maturity date . What is ther's hozon, or continuing value Do not found intermediate calculations. Round your wwwer to the nearest can c. what is the firm's intrinske value today, BoDo not round intermediate calculations. Round your answer to the parent come 7 $