Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Paychex Inc. (PAYX) recently paid a dividend of $0.82. The dividend is expected to grow at a 10 percent rate. The current stock price is

image text in transcribed

Paychex Inc. (PAYX) recently paid a dividend of $0.82. The dividend is expected to grow at a 10 percent rate. The current stock price is $52.11. What is the return shareholders are expecting? (Do not round intermediate calculations. Round your answer to 2 decimal places.) Shareholders return %

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started