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Paychex Inc (PAYX) recently paid an $0.84 dividend. The dividend is expected to grow at a 10 percent rate. The current stock price is $61.71.
Paychex Inc (PAYX) recently paid an $0.84 dividend. The dividend is expected to grow at a 10 percent rate. The current stock price is $61.71. What is the return shareholders are expecting? (Do not round Intermediate calculations and round your final answer to 2 decimal places.) Shareholders return Kellogg Co (K) recently earned a profit of 92 32 earnings per share and has a P/E ratio of 19.40. The dividend has been growing at a 7 percent rate over the past few years. If this growth rate continues, what would be the stock price in six years if the P/E ratio remained unchanged? What would the pace be if the PIE ratio declined to 17 in six years? {Round your answers to 2 decimal places.)
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