Warren Grains, Inc.$$s most recent dividend, D$0,$ was $$2\mathrm{.}25.$ It expects to have nonconstant growth of $10\%$ for the next two years, and then $4\%$ from thereafter. Investors expect a return of $14\%.$

How many periods out do you need to go to compute a terminal value?

Warren Grains, Inc.$$s most recent dividend, D$0,$ was $$2\mathrm{.}25.$ It expects to have nonconstant growth of $10\%$ for the next two years, and then $4\%$ from thereafter. Investors expect a return of $14\%.$

How many periods out do you need to go to compute a terminal value?

$4$

$3$

$1$

$2$