.Super Counting Stars Corporation paid a dividend of $1.15 per share over the last 12 months. The dividend is expected to grow at a rate of 22 percent over the next three years (supernormal growth). It will then grow at a normal, constant rate of 8.88 percent for the foreseeable future. The required rate of return is 11.11 percent (this will also serve as the discount rate). Compute the current value of the stock.

Holt Enterprises recently paid a dividend, Do, of $2.75. It expects to have nonconstant growth of 19% for 2 years followed by a constant rate of 3% thereafter. The firm's required return is 15%. a. How far away is the horizon date? I. The terminal, or horizon, date is the date when the growth rate becomes constant. This occurs at the beginning of Year 2. II. The terminal, or horizon, date is the date when the growth rate becomes constant. This occurs at the end of Year 2. III. The terminal, or horizon, date is infinity since common stocks do not have a maturity date. IV. The terminal, or horizon, date is Year 0 since the value of a common stock is the present value of all future expected dividends at time zero. V. The terminal, or horizon, date is the date when the growth rate becomes nonconstant. This occurs at time zero. II b. What is the firm's horizon, or continuing, value? Do not round intermediate calculations. Round your answer to the nearest cent. $ c. What is the firm's…

TTY currently pays a dividend of Ghc1.60 per year. A current price is Ghc118.36. An analyst makes the following estimates: The current required return on equity for TTY is 12 percent. Dividends will grow at 14 percent for the next two years, 12 percent for the following five years, and 10.2 percent thereafter. Based only on the information given, estimate the value of TTY using a three-stage Dividend discount Model approach