eBook thereafter. The firm's required return is 125 Holt Enterprises recently paid a dividend, Do, of $3.50. It expects to have no constant growth of 16 for 2 years followed by a constant rate of 7 a. How far away is the horizon date? 1. The terminal, or horizon, date is Year since the value of a common stock is the present value of all future expected dividends at timerero II. The terminal, or horizon, dat is the date when the growth rate becomes nonconstant. This occurs at time zero III. The terminal, or horizon, date is the date when the growth rate becomes constant. This occurs at the beginning of Year 2. IV. The terminal, or horizon, date is the date when the growth rate becomes constant. This occurs at the end of Year 2. V. The terminal, or horizon, date is infinity since common stocks do not have a maturity date. -Select b. What is the imm'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, Po? Do not round intermediate calculations. Round your answer to the nearest cent