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 $49.71. What is the return shareholders are expecting?

The correct answer is 11.85%.

Explanation:

According to the scenario, the computation of the given data are as follows:

Current price = $49.71

Dividend paid = $0.84

Growth rate = 10%

So, Next year Dividend = $0.84 × 110% = $0.92

So, we can calculate the return by using following formula:

Return on stock = (Next year Dividend ÷ Current price ) + Growth rate

= ( $0.92 ÷ $49.71 ) + 0.10

= 11.85%

answer: b) the us is the leading importer but not the leading exporter.

extra info:

the u.s is the largest importer but it is not the largest exporter as china sits on the top of the table when it comes to leading exporters.

but u.s is not far from first,

they rank in 2nd globally as the worlds largest exporter.

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