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Bait 'n Tackle started paying dividends 4 years ago. The annual dividends thus far have been $0.41, $0.56, $0.55, and $0.61, respectively. What is the

Bait 'n Tackle started paying dividends 4 years ago. The annual dividends thus far have been $0.41, $0.56, $0.55, and $0.61, respectively. What is the percentage arithmetic average dividend growth rate? (Do not round intermediate calculations. Round your answer to 2 decimal places.)

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