eBook Problem Walk-Through Holt Enterprises recently paid a dividend, Do, of $2.75. It expects to have no constant growth of 14% for 2 years followed by a constant rate of 9% thereafter. O The firm's required return is 17%. a. How far away is the horizon date? 1. The terminal, or horizon, date is the date when the growth rate becomes nonconstant. This occurs at time zero. II. The terminal, or horizon, date is the date when the growth rate becomes constant. This occurs at the beginning of Year 2 III. The terminal, or horizon, date is the date when the growth rate becomes constant. This occurs at the end of Year 2. IV. The terminal, or horizon, date is infinity since common stocks do not have a maturity date. V. 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. -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 ? Do not round intermediate calculations. Round your answer to the nearest cent. B eBook 11 Problem Walk-Through Suppose you are the money manager of a $3.92 million investment fund. The fund consists of four stocks with the following investments and betas: Stock Investment Beta $ 560,000 1.50 B 400,000 (0.50) 1,060,000 1.25 DA 1,900,000 0.75 If the market's required rate of return is 8% and the risk-free rate is 3%, what is the fund's required rate of return? Do not round intermediate calcul Round your answer to two decimal places. 9 Check My Work (3 remainis