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Hart Enterprises recently paid a dividend, D0, of $1.25. It expects to have nonconstant growth of 20% for 2 years followed by a constant rate

Hart Enterprises recently paid a dividend, D0, of $1.25. It expects to have nonconstant growth of 20% for 2 years followed by a constant rate of 5% thereafter. The firms required return is 10%.

a. How far away is the terminal, or horizon, date?

b. What is the firms horizon, or terminal, value?

c. What is the firms intrinsic value today, P?

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