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A company paid dividends of $3.20 per share in 2009, and just announced that it will pay $9.49 in 2016. Estimate the compound annual growth

A company paid dividends of $3.20 per share in 2009, and just announced that it will pay $9.49 in 2016. Estimate the compound annual growth rate of the dividends. The compound annual growth rate of the dividends is ___%.

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