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Paychex Inc. (PAYX) recently paid an $0.90 dividend. The dividend is expected to grow at a 12 percent rate. The current stock price is $56.91.

Paychex Inc. (PAYX) recently paid an $0.90 dividend. The dividend is expected to grow at a 12 percent rate. The current stock price is $56.91. What is the return shareholders are expecting?

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