Over the past 6 years, a local firm has paid annual dividends of $2.18, $2.23, $2.35,...

 

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Over the past 6 years, a local firm has paid annual dividends of $2.18, $2.23, $2.35, $2.75, $3.07, and $3.24. What is the arithmetic average dividend growth rate? (Do not round intermediate calculations. Round your answer to 2 decimal places.) Over the past 6 years, a local firm has paid annual dividends of $2.18, $2.23, $2.35, $2.75, $3.07, and $3.24. What is the arithmetic average dividend growth rate? (Do not round intermediate calculations. Round your answer to 2 decimal places.)

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