Accounting Information Systems
10th Edition
ISBN:9781337619202
Author:Hall, James A.
Publisher:Hall, James A.
Chapter6: The Expenditure Cycle Part Ii: Payroll Processing And Fixed Asset Procedures
Section: Chapter Questions
Problem 10RQ
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Question
Define terminal date
Expert Solution
Step 1
Answer:
In finance, horizon date is called as terminal value. It is the date from which individual dividend projections are no longer made because it is presumed that the dividend growth rate is stable (constant).
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