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A firms dividends have grown over the last several years. At the end of year 2002, the firm paid a dividend of $1. At year-end

A firms dividends have grown over the last several years. At the end of year 2002, the firm paid a dividend of $1. At year-end 2014, it paid a dividend of $5. What was the average annual compound growth rate of dividends for this firm?

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Round the answer to two decimal places in percentage form.

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