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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
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 %
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Finance Applications and Theory
Authors: Marcia Cornett, Troy Adair
3rd edition
1259252221, 007786168X, 9781259252228, 978-0077861681
