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QUESTION
Homework #2B (Find Number of Periods or Find Growth Rate)
Question 5 (1 point)
A firm's dividends have grown over the last several years. 9 years ago the firm paid a dividend of $2. Yesterday it paid a dividend of $5. What was the average annual growth rate of dividends for this firm?
Round the answer to two decimal places in percentage form. (Write the percentage sign in the "units" box)
