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A company paid dividends of $2.80 per share in 2009, and just announced that it will pay $9.55 in 2016. Estimate the compound annual growth

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A company paid dividends of $2.80 per share in 2009, and just announced that it will pay $9.55 in 2016. Estimate the compound annual growth rate of the dividends. The compound annual growth rate of the dividends is %. (Round to two decimal places.)

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