Paychex Inc. (PAYX) recently paid a dividend of $0.80. The dividend is expected to grow at a 14 percent rate. The current stock price is $59.31. What is the return shareholders are expecting? (Do not round intermediate calculations. Round your answer to 2 decimal places.) Answer is complete but not entirely correct. Shareholders return 17.96 X %

Paychex Inc. (PAYX) recently paid a dividend of $0.80. The dividend is expected to grow at a 14 percent rate. The current stock price is $59.31. What is the return shareholders are expecting? (Do not round intermediate calculations. Round your anster to 2 decimal places.) Answer is complete but not entirely correct