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Paychex, Inc. (PAYX) Yearly Returns

Year	Begining Price	Ending Price	Gain or Loss	Percent Gain or Loss
1984	12.00	9.375	-2.625	-28.00%
1985	9.375	19.00	9.625	50.66%
1986	19.00	34.875*	15.875	45.52%
1987	23.25	24.75*	1.50	6.06%
1988	16.50	17.50	1.00	5.71%
1989	17.50	19.50	2.00	10.26%
1990	19.50	18.375	-1.125	-6.12%
1991	18.375	34.75	16.375	47.12%
1992	34.75	52.875*	18.125	34.28%
1993	35.25	52.50*	17.25	32.86%
1994	35.00	40.50	5.50	13.58%
1995	40.50	74.8125*	34.3125	45.86%
1996	49.875	77.15625*	27.28125	35.36%
1997	51.4375	75.9375*	24.50	32.26%
1998	50.625	77.15625*	26.53125	34.39%
1999	51.4375	60.00*	8.5625	14.27%
2000	40.00	72.9375*	32.9375	45.16%
2001	48.625	34.85	-13.775	-39.53%
2002	34.85	27.90	-6.95	-24.91%
2003	27.90	37.20	9.30	25.00%
2004	37.20	34.08	-3.12	-9.15%
2005	34.08	38.12	4.04	10.60%
2006	38.12	39.54	1.42	3.59%
2007	39.54	36.22	-3.32	-8.40%

*The 1986 ending price for Paychex has been adjusted for a 3 for 2 stock split.
*The 1987 ending price for Paychex has been adjusted for a 3 for 2 stock split.
*The 1992 ending price for Paychex has been adjusted for a 3 for 2 stock split.
*The 1993 ending price for Paychex has been adjusted for a 3 for 2 stock split.
*The 1995 ending price for Paychex has been adjusted for a 3 for 2 stock split.
*The 1996 ending price for Paychex has been adjusted for a 3 for 2 stock split.
*The 1997 ending price for Paychex has been adjusted for a 3 for 2 stock split.
*The 1998 ending price for Paychex has been adjusted for a 3 for 2 stock split.
*The 1999 ending price for Paychex has been adjusted for a 3 for 2 stock split.
*The 2000 ending price for Paychex has been adjusted for a 3 for 2 stock split.