Question: 6. (2 points) Use the dividend discount model to value a share of Toyota's stock (ticker symbol: TM) as of December 31, 2021. In your

6. (2 points) Use the dividend discount model to value a share of Toyota's stock (ticker symbol: TM) as of December 31, 2021. In your application of this model, use the data provided on the most recent Toyota Value Line report to estimate the necessary dividend payment and the firm's equity beta. Assume that the expected growth rate of dividends in perpetuity (g) ranges from 2.5% to 3.5%/year. Since Toyota is a non-US firm, dividends per share on Value Line are referred to as Gross Dividends Declared per ADR. For directions on how to access Value Line Reports via the SU website, see the Website Instructions provided on Canvas

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