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Based on the Explain It and Explore It! video in the last section, if dividends for ABC Corp. were $1.29 at the end of 2003

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Based on the Explain It and Explore It! video in the last section, if dividends for ABC Corp. were $1.29 at the end of 2003 and $3.12 at the end of 2008, what is the average compounded growth rate? The average compounded growth rate is %. (Round to two decimal places.)

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