Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Jul 21, 2024

Paychex Inc. (PAYX) recently paid an $0.88 dividend. The dividend is expected to grow at a 15 percent rate. The current stock price is $55.71.

Paychex Inc. (PAYX) recently paid an $0.88 dividend. The dividend is expected to grow at a 15 percent rate. The current stock price is $55.71. What is the return shareholders are expecting?

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

Recommended Textbook for

Public Finance A Contemporary Application Of Theory To Policy

Authors: David N Hyman

8th Edition

0324259700, 978-0324259704

More Books

Students also viewed these Finance questions

Question

★★★★★

My Fair Lady Inc. sells ladies' fashions. The following balances were as at March 1, 2015: Accumulated other comprehensive income . . . . . . . . . . . . . . . $253,967 Retained earnings . . . . . ....

Answered: 1 week ago

Question

★★★★★

Arrange the following income statement items so they are in the proper order of an income statement: Taxes...................................Earnings after taxes Shares...

Answered: 1 week ago

Question

★★★★★

Does positivity have a place in the workplace? Explain.

Answered: 1 week ago

Question

★★★★★

Calculating a Bid Price Your company has been approached to bid on a contract to sell 15,000 voice recognition (VR) computer keyboards a year for four years. Due to technological improvements, beyond...

Answered: 1 week ago

Question

★★★★★

1. Banc Corp. Trust is considering either a bankwide overhead rate or department overhead rates to allocate $396,000 of indirect costs. The bankwide rate could be based on either direct labor hours...

Answered: 1 week ago

Question

★★★★★

4 points eBook An auditor must identify the relevant assertions about each significant financial statement account and disclosure and then gather evidence to conclude whether a material misstatement...

Answered: 1 week ago

Question

★★★★★

Week 2 Prepare 1 : Week 3 Assignment Your first assignment is due next week. In this assignment, you will prepare and include a 2 5 0 3 0 0 word elevator pitch ( a short description of an idea,...

Answered: 1 week ago

Question

★★★★★

PART B Identify any specific issues with Moka s current accounting practices relating to revenue recognition and receivables management. Outline any other strengths and weaknesses with Moka s...

Answered: 1 week ago

Question

★★★★★

(a) During the audit of the Weak Bank (W), RBI has suggested that the Bank should either merge with another bank or may close down. Strong Bank (S) has submitted a proposal of merger of Weak Bank...

Answered: 1 week ago

Question

★★★★★

In determining performance incentives for a risky contract, what conditions would require a stronger incentive? Question 11 options: a) More risk averse employee b) Lower marginal cost of effort for...

Answered: 1 week ago

Question

★★★★★

I need the correct answer for the following quiz 2 questions for the course Behaviours in Organizations CORG 551 Question 1 (1 point) According to Blake and Mouton's Leadership Grid, what is a...

Answered: 1 week ago

Question

★★★★★

Discuss how training, informal learning, and knowledge management can contribute to continuous learning and companies business strategy. page 279

Answered: 1 week ago

Question

★★★★★

Explain the role of the manager in identifying training needs and supporting training on the job. page 281

Answered: 1 week ago

Question

★★★★★

Conduct a needs assessment. page 283

Answered: 1 week ago

Previous Question Next Question