eBook Problem Walk Through Holt Enterprises recently paid a dividend, De, of $3.75. It expects to have no constant growth or 15% for 2 years followed by a constant rate of thereafter. The them's required return is 10% a. How far away in the hortzon dito? 1. The terminal, or horizon, dat is the date when the growth rate becomes constant. This occurs at the end of Year 2 II. The terminal, or horizon, date is infinity since common stocks do not have a maturity date III. The terminal, or horitzon, date is Year since the value of a common stock is the present value of all future expected dividends at time zero IV. The terminal, or horizon, date is the date when the growth rate becomes nonconstant. This occurs at time zero. V. The terminal, or hortron, date is the date when the growth rate becomes constant. This occurs at the beginning of Year 2. Select What is the firm's hotteon, or continuing value? Do not round intermediate calculations. Round your answer to the nearest cent. 5 c. What is the firew's intrinsic value today, Ro? Do not round intermediate calculations. Round your answer to the nearest cent