(Answered) Paychex inc payx recently paid an 088 dividend the dividend

Engineering

Paychex Inc. (PAYX) recently paid an $0.88 dividend. The dividend is expected to grow at a 15 percent rate. The current stock price is $55.71.

What is the return shareholders are expecting? (Do not round intermediate calculations and round your final answer to 2 decimal places.)

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Computer Engineering, Engineering

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