Please answer question 1-3

The following table shows shows BWP Trust's dividend history.

Date	BWP Dividends in $
24/6/2010	0.118671
24/6/2011	0.11834
25/6/2012	0.077501
24/6/2013	0.140495
26/6/2014	0.1471
26/6/2015	0.1577
29/6/2016	0.1679
29/6/2017	0.1745
28/6/2018	0.1778
27/6/2019	0.1049
29/6/2020	0.1829
29/6/2021	0.1829
29/6/2022	0.1829

1. In your opinion, which dividend discount model is more appropriate to estimate BWP Trust's share price? Provide your reasons.

2. Calculate the share price of the BWP Trust using the dividend discount model identified in question 1.

5. In question 2, you calculated the share price of BWP Trust using the dividend discount model. The share price of BWP Trust in March 2023 was $3.90. Based on the above information, is BWP Trust overvalued or undervalued? Explain clearly.