Finance Assignment | Professional Writing
June 10th, 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 intrinsic value today, ? Do not round intermediate calculations. Round your answer to the nearest cent.
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