Question
Paychex Inc. (PAYX) recently paid an $0.80 dividend. The dividend is expected to grow at a 15 percent rate. The current stock price is $50.91.
Paychex Inc. (PAYX) recently paid an $0.80 dividend. The dividend is expected to grow at a 15 percent rate. The current stock price is $50.91. What is the return shareholders are expecting? (Do not round intermediate calculations. Round your final answer to 2 decimal places.)
Shareholders return = ? %
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International Finance The Markets And Financial Management Of Multinational Business
Authors: Maurice D. Levi
3rd Edition
0070376875, 978-0070376878
