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Holt Enterprises recently paid a dividend, Do, of $1.75. It expects to have nonconstant growth of 17% for 2 years followed by a constant rate

Holt Enterprises recently paid a dividend, Do, of $1.75. It expects to have nonconstant growth of 17% for 2 years followed by a constant rate of 3% thereafter. The firm's required return is 16%.

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