Response to the following problem:
Burlington Northern Santa Fe, Inc., paid the following dividends per share (DPS) on its common stock:
|
Year
|
DPS
|
Year
|
DPS
|
Year
|
DPS
|
|
1984
|
$1.10
|
1988
|
$2.20
|
1992
|
$1.20
|
|
1985
|
$1.45
|
1989
|
$1.20
|
1993
|
$1.20
|
|
1986
|
$1.55
|
1990
|
$1.20
|
1994
|
$1.20
|
|
1987
|
$2.05
|
1991
|
$1.20
|
1995
|
$1.20
|
Source: Value Line Investment Survey, Edition 2 (March 22, 1996) p. 285. Calculate the average annual growth rate in dividends from:
a. 1984 through 1987
b. 1984 through 1991
c. 1984 through 1995