eBook Problem Walk-Through Holt Enterprises recently paid a dividend, De, of $3.50. It expects to have nonconstant growth of 22% for 2 years followed by a constant rate of 7% thereafter. The firm's required return is 11%. a. How far away is the horizon date? L. The terminal, or horizon, date is the date when the growth rate becomes constant. This occurs at the end of Year 2 11. The terminal, or horizon, date is Infinity since common stocks do not have a maturity date. m. The terminal, or horizon, date is Year since the value of a common stock is the present value of all future expected dividends at time sero. IV. The terminal, or horizon, date is the date when the growth rate comes nonconstant. This occurs at time zero. V. The terminal, or horizon, dat is the date when the growth rate becomes constant. This occurs at the beginning of Year 2. h. What is the firm's horiron, or cominn, ? Do not round Intermediate calculations. Round your answer to the nearest cent. 6. What is the firm's intrinsic value today, Po? Do not round intermediate enlculations, Round your answer to the nearest cent. Grade It Now Save & Continue Continue without saving