Finance Assignment | Professional Writing
June 3rd, 2020
Holt Enterprises recently paid a dividend, D0, of $1.25. It expects to have nonconstant growth of 13% for 2 years followed by a constant rate of 7% thereafter. The firm’s required return is 19%.
What is the firm’s horizon, or continuing, value? Do not round intermediate calculations. Round your answer to the nearest cent.
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