Holt Enterprises recently paid a dividend, D 0 , of $3.50. It expects to have nonconstant growth of 18% for 2 years followed by a
Holt Enterprises recently paid a dividend, D0, of $3.50. It expects to have nonconstant growth of 18% for 2 years followed by a constant rate of 4% thereafter. The firm's required return is 11%.
What is the firm's horizon, or continuing, value? Round your answer to two decimal places. Do not round your intermediate calculations. $
What is the firm's intrinsic value today, P0? Round your answer to two decimal places. Do not round your intermediate calculations. $
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Authors: George H. Pink, Paula H. Song
8th Edition
1640551093, 978-1640551091
