What is the firm horizon or continuing and value

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Reference no: EM131322274

Nonconstant growth valuation

Holt Enterprises recently paid a dividend, D0, of $2.25. It expects to have nonconstant growth of 21% for 2 years followed by a constant rate of 5% thereafter. The firm's required return is 12%.

What is the firm's horizon, or continuing, value? Round your answer to two decimal places. Do not round your intermediate calculations.

What is the firm's intrinsic value today, P0? Round your answer to two decimal places. Do not round your intermediate calculations.

Reference no: EM131322274

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