What is the firms horizon or continuing value what is the


Nonconstant growth valuation

Holt Enterprises recently paid a dividend, D0, of $1.00. It expects to have nonconstant growth of 21% for 2 years followed by a constant rate of 4% thereafter. The firm's required return is 20%.

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.

$

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Financial Management: What is the firms horizon or continuing value what is the
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