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# Hart Enterprises recently paid a dividend, of \$1.25. It exp

Hart Enterprises recently paid a dividend, of \$1.25. It expects to have nonconstant growth of 20% for 2 years followed by a constant rate of 5% thereafter. The firm's required return is 10%.

A. How far away is the terminal, or horizon, date?
B. What is the firm's horizon, or terminal, value?
C. What is the firm's intrinsic value today?

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Hart Enterprises recently paid a dividend, of \$1.25. It expects to have nonconstant growth of 20% for 2 years followed by a constant rate of 5% thereafter. The firm's required return is 10%.

A. How far away is the terminal, or horizon, date?
B. What is the firm's horizon, or terminal, value?
C. What is the firm's intrinsic value today?

\$2.19