etuen is 20% a. How far axay is the horizon date? 1. The terminal, or herizon, date is Year 0 since the value of a common stock is the present value of all future expected oividends at time zero. II. The terminal, or horizon, date is the date when the growth rate becomes nonconstant, This occurs at time zero. Iit. The terminal, or horizon, date is the date when the growth rate becomes constant. This occurs at the beginning of Year 2. IW. The terminal, of horizon, date is the date when the growth rate becomes constant. This occurs at the end of Year 2 . V. The terminal, or horizon, dste is infinity since common stocks do not have a maturity date. b. What is the firm's horizon, or continuing, value? Do not round intermed ate calculations. Round your answer to the nearest cent. 4 in c. What is the firm's intrinsic value today, P^0> Do not round intermediate calculations. found your answer to the nearest cent. 1