Uber is a rapidly growing company with an expected annual dividend of $2.3 at the end of this coming year. The dividend will grow to $5.5 in the subsequent year, which will then grow constantly at a rate of 5.9%. Investors demand a rate of 9%. What is the price of Uber stock?

Answer rating: 100% (QA)

To calculate the price of a stock using the Dividend Discount Model DDM we can use the formula PD... View the full answer