Question: Problem 8 - 2 2 Expected Return ( LG 8 - 5 ) Paychex Inc. ( PAYX ) recently paid a dividend of $ 0

Problem 8-22 Expected Return (LG8-5)
Paychex Inc. (PAYX) recently paid a dividend of $0.84. The dividend is expected to grow at a 10 percent rate. The current stock price is $61.77.
What is the return sharehoiders are expecting? (Do not round intermediate calculations. Round your answer to 2 decimal places.)
Problem 8-22 Expected Return (LG8-5) Paychex Inc. (PAYX) recently paid a

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