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The firm's horizon value is The firm's intrinsic value is Now it's time for you to practice what you've leamed. Suppose that the firm recently

The firm's horizon value is The firm's intrinsic value is Now it's time for you to practice what you've leamed. Suppose that the firm recently paid a dividend $5.35. It expects to have nonconstant growth of 12% for 3 years and then a constant rate of 3% thereafter. The firm's required return is 11%. The firm's horizon, or continuing, value is and its intrinsic value today is

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