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Holt Enterprises recently paid a dividend, D0, of $4.00. It expects to have nonconstant growth of 15% for 2 years followed by a constant rate
Holt Enterprises recently paid a dividend, D0, of $4.00. It expects to have nonconstant growth of 15% for 2 years followed by a constant rate of 10% thereafter. The firm's required return is 19%.
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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