Attempts Average 3 4. Problem 9.04 (Nonconstant Growth Valuation) eBook Problem Walk-Through Holt Enterprises recently paid a dividend, Do. of $1.00. It expects to have no constant growth of 24% for 2 years followed by a constant rate of thereafter the forewired return is 15% 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 beginning of year 2 11. The terminal, or horizon, date is the date when the growth rate becomes constant, This occurs at the end of Year 2 m. The terminal, or horizon, date is infinity since common stocks do not have a maturity date IV. The terminal, or horizon, dat is Year since the value of a common stock is the present value of all ture expected dividends at time oro The terminal, or horizon, date is the date when the growth rate becomes nonconstant. This occurs at time zero Select b. What is the firm's horizon, or continuing, value? Do not round Intermediate calculations. Round your answer to the nearest cent. c. What is the firm's intrinsic value today, Po 7 Do not round Intermediate calculations. Round your answer to the nearest cont