# Fight Finance

#### CoursesTagsRandomAllRecentScores

 Scores keithphw $5,821.61 an4_bolt$4,086.43 Skywalke... $1,020.00 jtfan2$903.09 Visitor $850.00 Carolll$803.33 trungbin $803.09 Jade$785.80 cuiting $779.70 Visitor$770.00 Visitor $760.00 Visitor$700.00 Visitor $680.00 Visitor$650.00 Visitor $650.00 Visitor$650.00 alison $644.70 ninalee$639.70 Kyrie Ir... $590.00 Visitor$570.68

A stock is expected to pay a dividend of $15 in one year (t=1), then$25 for 9 years after that (payments at t=2 ,3,...10), and on the 11th year (t=11) the dividend will be 2% less than at t=10, and will continue to shrink at the same rate every year after that forever. The required return of the stock is 10%. All rates are effective annual rates.

What is the price of the stock now?