Holt Enterprises recently paid a dividend, D0, of $1.50. It expects to have nonconstant growth of 15% for 2 years followed by a constant rate of 3% thereafter. The firm's required return is 10%. How far away is the horizon date? The terminal, or horizon, date is the date when the growth rate becomes constant. This occurs at the beginning of Year 2. The terminal, or horizon, date is the date when the growth rate becomes constant. This occurs