On January 4, 1964 the price of a stembolt was $47.72. On January 4, 1982 the price of a stembolt was $52.53. Find the average rate of change in the price of a stembolt from 1964 to 1982. Round to the nearest cent.

The average rate of change is $LaTeX: \displaystyle \frac{52.53-47.72}{1982-1964}= 0.27$ dollars per year.