ANSWER FAST PLEASE. ROUND YOUR ANSWER TO TWO DECIMAL PLACES.

Save m? Assignment for Grading Problem 9.04 d Question I1 of 20 Check My Work (3 remaining) Click here to read the eBook: Valuing Nonconstant Growth Stocks NONCONSTANT GROWTH VALUATION Holt Enterprises recently paid a dividend, DO, of $1.75. It expects to have nonconstant growth of 13% for 2 years followed by a constant rate of 4% thereafter. The firm's required return is 13%. a. How far away is the horizon date? 1. The terminal, or horizon, date is the date when the growth rate becomes constant. This occurs at the end of Year 2 11. The terminal, or horizon, date is infinity since common stocks do not have a maturity date. III. 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 zero. IV. The terminal, or horizon, date is the date when the growth rate becomes nonconstant. This occurs at time zero V. The terminal, or horizon, date is the date when the growth rate becomes constant. This ocurs at the beginning of Year 2 -Select- o b. What is the firm's horizon, or continuing, value? Round your answer to two decimal places. Do not round your intermediate calculations firm's intrinsic value today, Po? Round your answer to two decimal places. Do not round your intermediate c. What is the calculations