Holt Enterprises recently paid a dividend, D0, of $3.25. It expects to have nonconstant growth of...

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Holt Enterprises recently paid a dividend, D₀, of$3.25. It expects to have nonconstant growth of 15% for 2 yearsfollowed by a constant rate of 4% thereafter. The firm's requiredreturn is 15%.
How far away is the horizon date?
The terminal, or horizon, the date is the date when the growthrate becomes constant. This occurs at the end of Year 2.
The terminal, or horizon, the date is infinity since commonstocks do not have a maturity date.
The terminal, or horizon, the date is Year 0 since the value ofcommon stock is the present value of all future expected dividendsat time zero.
The terminal, or horizon, the date is the date when the growthrate becomes nonconstant. This occurs at time zero.
The terminal, or horizon, the date is the date when the growthrate becomes constant. This occurs at the beginning of Year 2.

-Select-______
What is the firm's horizon, or continuing, value? Round youranswer to two decimal places. Do not round your intermediatecalculations.

$ _
What is the firm's intrinsic value today,P?₀? Round your answer to two decimal places.Do not round your intermediate calculations.

$____
Please do not answer if you are not sure. Thank you! :)

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Holt Enterprises recently paid a dividend, D0, of$3.25. It expects to have nonconstant growth of 15% for 2 yearsfollowed by a constant rate of 4% thereafter. The firm's requiredreturn is 15%.How far away is the horizon date?The terminal, or horizon, the date is the date when the growthrate becomes constant. This occurs at the end of Year 2.The terminal, or horizon, the date is infinity since commonstocks do not have a maturity date.The terminal, or horizon, the date is Year 0 since the value ofcommon stock is the present value of all future expected dividendsat time zero.The terminal, or horizon, the date is the date when the growthrate becomes nonconstant. This occurs at time zero.The terminal, or horizon, the date is the date when the growthrate becomes constant. This occurs at the beginning of Year 2.-Select-__________What is the firm's horizon, or continuing, value? Round youranswer to two decimal places. Do not round your intermediatecalculations.$ _______What is the firm's intrinsic value today,P?0? Round your answer to two decimal places.Do not round your intermediate calculations.$______Please do not answer if you are not sure. Thank you! :)