Problem Walk-Through Holt Enterprises recently paid a dividend, Do, of $3.00. It expects to have no constant growth of 19% for 2 years followed by constant one of tharnitur The firm's required return is 11% a. How far away is the horizon date? 1. The terminal, or horizon, date is the date when the growth rate becomes nonconstant. This occurs at time zera. II. The terminal, or horizon, date is the date when the growth rate becomes constant. This occurs at the beginning of Year 2. III. The terminal, or horizon, date is the date when the growth rate becomes constant. This occurs at the end of Year 2 IV. The terminal, or horizon, date is infinity since common stocks do not have a maturity date. V. The terminal, or horizon, date is Year o since the value of a common stock is the present value of all future expected dividends at time Dero. III > 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, Po? Do not round intermediate calculations, Round your answer to the nearest cent. Hide Feedback Il Canect