Please answer the following three questions accordingly and based on each section (a,b,c)

1. Problem 9.04 (Nonconstant Growth Valuation) ebook Problem Walk Through Holt Enterprises recently paid a dividend, Do. of $3.00. It expects to have nonconstant growth of 19% for 2 years followed by a constant rate of 9% thereafter. The firm's required return is 12%. a. How far away is the horizon date? 1. The terminal, or horizon, date is infinity since common stocks do not have a maturity date. II. The terminal, or horizon, date is Year 0 since the value of a common stock is the present value of all future expected dividends at time zero. III. The terminal, or horizon, date is the date when the growth rate becomes nonconstant. This occurs at time zero. 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. -Select-v 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, Pa? Do not round intermediate calculations. Round your answer to the nearest cent. 2. Problem 9.06 (Preferred Stock Valuation) E eflook Farley Inc. has perpetual preferred stock outstanding that sells for $30 a share and pays a dividend of $3.50 at the end of each year. What is the required rate of retur? Round your answer to two decimal places. 3. Problem 9.07 (Preferred Stock Rate of Return) ebook What will be the nominal rate of return on a perpetual preferred stock with a $100 par value, a stated dividend of 11% of par, and a current market price of (a) $55, (b) 590, (e) $102, anc $1507 Round your answers to two decimal places. 16