On January 4, 1954 the price of a stembolt was $67.11. On January 4, 1967 the price of a stembolt was $94.12. Find the average rate of change in the price of a stembolt from 1954 to 1967. Round to the nearest cent.

The average rate of change is $LaTeX: \displaystyle \frac{94.12-67.11}{1967-1954}= 2.08$ dollars per year.