return is ish. a. How far tway is the horizen date? 1. The terminel, or honzon, date is the date when the grueth rate becomes nonconstant. Tha occurs at tme arro. III. The terminal, or horipen, date is the date when the growh rote becomes constant. This eceurs of the end of Yesr 2 IV. The terminal or bonvor. Tdate is iofinty since commen stocks do not have a maturity date V. The terminal, or horiton, date is Year o snce the value of a commen stock is the present value of all Abure expected dividends at time nera. 3