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Over the past 6 years, a local firm has paid annual dividends of $2.00, $2.17, $2.33, $2.50, $2.76, and $2.96. What is the geometric average

Over the past 6 years, a local firm has paid annual dividends of $2.00, $2.17, $2.33, $2.50, $2.76, and $2.96. What is the geometric average dividend growth rate? (Do not round intermediate calculations. Round your answer to 2 decimal places.)

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