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Holt Enterprises recently paid a dividend, D0, of $1.75. It expects to have nonconstant growth of 25% for 2 years followed by a constant rate
Holt Enterprises recently paid a dividend, D0, of $1.75. It expects to have nonconstant growth of 25% for 2 years followed by a constant rate of 10% thereafter. The firm's required return is 14%.
What is the firm's horizon, or continuing, value? Do not round intermediate calculations. Round your answer to the nearest cent.
What is the firm's intrinsic value today, P0? Do not round intermediate calculations. Round your answer to the nearest cent.
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