Question
Paychex Inc. (PAYX) recently paid an $0.84 dividend. The dividend is expected to grow at a 15 percent rate. The current stock price is $53.31.
Paychex Inc. (PAYX) recently paid an $0.84 dividend. The dividend is expected to grow at a 15 percent rate. The current stock price is $53.31.
What is the return shareholders are expecting? (Do not round intermediate calculations and round your final answer to 2 decimal places.)
Shareholders return ___ %
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Contemporary Financial Management
Authors: R. Charles Moyer, James R. Mcguigan, William J. Kretlow
9th Edition
032416470X, 9780324164701
