olt Enterprises recently paid a dividend, D0, of $3.25. It expects to have nonconstant growth of 18% for 2 years followed by a constant rate of 4% thereafter. he firm's required return is 20%. a. How far away is the horizon date? I. The terminal, or horizon, date is infinity since common stocks do not have a maturity date. III. The terminal, or horizon, date is the date when the growth rate becomes nonstant. This occurs at time zerons IV. The terminal, or horizon, date is the date when the growth rate becomes constant. This occurs at the beginning of Year 2. V. The terminal, or horizon, date is the date when the growth rate becomes constant. This occurs at the end of Year 2