Back to Assignment Atempts Keep the Highest/3 3. Problem 9.04 (Nonconstant Growth Valuation) eBook Problem Walkthrough Holt Enterprises recently paid a dividend. Do, of $4,00. It expects to have enconutant growth of 22% for 2 years followed by a constant rate of as thereafter. The firm's required return is 9 a. How far away is the horizon date? L. The terminal, or horizon, date la var once the value of a common stock is the present value of all tuture expected dividends at time vero II. The terminalo horizon date is the date when the growth rate becomes no constant. This occurs at time to III. The terminal, or horizon, dat is the date when the growth rate becomes constant. This occurs at the begiving of Year 2 IV. The terminal, or horizon, state is the date when the growth rate becomes constant. This occurs at the end of Year 2 The terminal, or horizon, date is infinity since common stocks do not have a maturity date. ele D. What is the firm's horizon, or continuing, value? Do not round intermediate calculations. Round your answer to the nearest cont. $ c. What is the firm's intrinsic value today, Po? Do not round intermediate calculations. Round your answer to the nearest cent