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Holt Enterprises recently paid a . dividend , Do , of $ 1 . 7 5 . It expects to have non constant growth of
Holt Enterprises recently paid adividend Do of $ It expects to have non constant growth of for years followed by a constant rate of thereafter The firm's required return is a How far away is the horizon date I. The terminal or horizon date is the date when the growth rate becomes constant This occurs at the end of Year II The terminal or horizon date is infinity since common stocks do not have a maturity date III The terminal or horizon date is Year since the value of a common stock is the present value of all future expected dividends at time zero IV The terminal or horizon date is the date when the growth rate becomes non constant This occurs at time zero V The terminal or horizon date is the date when the growth rate becomes constant This occurs at the beginning of Year T Select b What is the firm's horizon or continuing value Do not round intermediate calculations Round your answer to the nearest cent $ c What is the firm's intrinsic value today Do not round intermediate calculations Round your answer to the nearest cent
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