Your client buys 10 shares of stock at time 0 for $50 per share.

At time 1, he receives a dividend of $2 per share, and buys another 10 shares at the new price of $50 per share.

At time 2, he receives a dividend of $2 per share, and sells his entire holding of stock for $56 per share.

What was the client's time-weighted annual return on this position?

Enter answer as a percentage, accurate to two decimal places.