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Paychex Inc. (PAYX) recently paid an $0.80 dividend. The dividend is expected to grow at a 14 percent rate. The current stock price is $59.31

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Paychex Inc. (PAYX) recently paid an $0.80 dividend. 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 final answer to 2 decimal places.) Shareholders return 0 0

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