What is return shareholders are expecting

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Reference no: EM131346145

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 $53.31.

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

Shareholders return ___ %

Reference no: EM131346145

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