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Hart Enterprises recently paid a dividend, D0, of $1.75. It expects to have nonconstant growth of 18% for 2 years followed by a constant rate
Hart Enterprises recently paid a dividend, D0, of $1.75. It expects to have nonconstant growth of 18% for 2 years followed by a constant rate of 10% thereafter. The firm's required return is 11%.
How far away is the horizon date?
What is the firm's horizon, or continuing, value? Round your answer to two decimal places.
What is the firm's intrinsic value today, P0? Round your answer to two decimal places.
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