An MCQ

year ———————————-0——-1——-2———–3
Earnings per share————–30—–31.8—-33.9—-35.7
dividend per share—————13—–13.2—-13.3—–15
share price at start of year—–1.95—-1.98—-2.01—–2.25

which of the following is correct:

A. div payout ratio is greater than 40% in every year in the period
B. mean growth in dividends per share over the period is 4%
C. total shareholder return for the third year is 26%
D. mean growth in earnings per share over the period is 6% per year

the correct answer is D.

i chose B since DPS is (15/13)^0.3333-1=4.88%
for D, the EPS is (35.7/30)^.333333=5.9 => approx 6%

so, what is happening here?