Using Table 17.2, for each of the following years, state whether dividends were tax disadvantaged or not for individual investors with a one-year investment horizon:
a. 1985
b. 1989
c. 1995
d. 1999
e. 2005

Year 1971-1978 1979-1981 1982-1986 1987 1988-1990 1991-1992 1993-1996 1997-2000 2001-2002 2003-2012 2013 Capital Gains 35% 28% 20% 28% 28% 28% 28% 20% 20% 15% 20% Dividends 70% 70% 50% 39% 28% 31% 40% 40% 39% 15% 20%