What is the firm horizon or continuing-value

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Holt Enterprises recently paid a dividend, D0, of $3.75. It expects to have nonconstant growth of 13% for 2 years followed by a constant rate of 6% thereafter. The firm's required return is 13%.

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

2, What is the firm's intrinsic value today, P^0? Round your answer to two decimal places. Do not round your intermediate calculations.

Reference no: EM131702688

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