Paychex inc payx recently paid an 070 dividend the dividend, Financial Management

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Paychex inc payx recently paid an 070 dividend the dividend

Paychex Inc. (PAYX) recently paid an $0.70 dividend. The dividend is expected to grow at an 11 percent rate. The current stock price is $41.31.

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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Financial Management: Paychex inc payx recently paid an 070 dividend the dividend

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