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 |
$2 |
1990 |
$1.20 |
1994 |
$1.20 |
|
1987 |
$2 |
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