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Holt Enterprises recently paid a dividend, Do, of $1.50. It expects to have nonconstant growth of 19% for 2 years followed byCan you show me how to solve this on a financial calculator? I do not understand why D2 (2.1242) is the horizon but we use D3 to calculate the horizon value??

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Dividend Present value Year pv@18% $1.79 $1.51 0.84746 $2.12 $1.53 2. 0.71818 (2.12 1.07)/(0.18-0.07) Price at year 2 $20.66

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