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 and round your final answer to 2 decimal places.) |
| Shareholders return | % |
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started
Analysis For Financial Management
Authors: Robert Higgins
7th Edition
0072863641, 9780072863642
