QUESTION 2: Using your discount rate from Question 1 and the following information, value TOL's stock using the following models: 1) Capitalized Earnings Model, 2) Constant Growth Dividend Discount Model, and 3) H Model. Inflation Assumption 1.90% TOL Dividends last 12 months: $1.90 TOL Earnings per Share (EPS) last 12 months: $4.70 Long-term Earnings Growth Assumption for TOL 4.50% With the continued growth the housing market and continued low interest rate environment, your boss expects TOL's earnings growth to be 12% next year and to move back to the long-term growth rate over the next 8 years. QUESTION 2: Using your discount rate from Question 1 and the following information, value TOL's stock using the following models: 1) Capitalized Earnings Model, 2) Constant Growth Dividend Discount Model, and 3) H Model. Inflation Assumption 1.90% TOL Dividends last 12 months: $1.90 TOL Earnings per Share (EPS) last 12 months: $4.70 Long-term Earnings Growth Assumption for TOL 4.50% With the continued growth the housing market and continued low interest rate environment, your boss expects TOL's earnings growth to be 12% next year and to move back to the long-term growth rate over the next 8 years