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Hart Enterprises recently paid a dividend, D 0 , of $3.25. It expects to have nonconstant growth of 30% for 2 years followed by a
Hart Enterprises recently paid a dividend, D0, of $3.25. It expects to have nonconstant growth of 30% for 2 years followed by a constant rate of 5% thereafter. The firm's required return is 19%.
What is the horizon or terminal value?
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