Question
Paychex Inc. (PAYX) recently paid an $0.82 dividend. The dividend is expected to grow at a 15 percent rate. The current stock price is $48.51.
Paychex Inc. (PAYX) recently paid an $0.82 dividend. The dividend is expected to grow at a 15 percent rate. The current stock price is $48.51.
What is the return shareholders are expecting?(Do not round intermediate calculations. Round your final answer to 2 decimal places.)
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Finance Applications And Theory
Authors: Marcia Cornett, Troy Adair, John Nofsinger
2nd Edition
9780073530673
