Question: Steps for Paychex Inc. ( PAYX ) recently paid a dividend of $ 0 . 7 5 . The dividend is expected to grow at

Steps for
Paychex Inc. (PAYX) recently paid a dividend of $0.75. The dividend is expected to grow at a 10 percent rate. The current stock price $44.91.
What is the return shareholders are expecting? (Do not round intermediate calculations. Round your answer to 2 decimal places.)
Shareholders return
%
Steps for Paychex Inc. (PAYX) recently paid a dividend of $0.75.

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