Paychex Inc. (PAYX) recently paid an $0.84 dividend. The dividend is expected to grow at a 15

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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 $40.11.

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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Practical financial management

ISBN: 978-0324422634

5th Edition

Authors: William r. Lasher

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Posted Date: Jan 03, 2021 05:11 PM

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Paychex Inc. (PAYX) recently paid an $0.84 dividend. The dividend is expected to grow at a 15

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Practical financial management

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