At the market close on March 28 of a recent year, McDonald’s Corporation had a closing stock price of $99.69. In addition, McDonald’s Corporation had a dividend per share of $2.87 during the previous...

At the market close on March 28 of a recent year, McDonald’s Corporation had a closing stock price of $99.69. In addition, McDonald’s Corporation had a dividend per share of $2.87 during the previous year. Determine McDonald’s Corporation’s dividend yield. (Round to one decimal place.)

The market price for Microsoft Corporation closed at $26.71 and $25.96 on December 31, current year, and previous year, respectively. The dividends per share were $0.80 for current year and $0.64 for previous year.

a. Determine the dividend yield for Microsoft on December 31, current year, and previous year. (Round percentages to two decimal places.)

b. Interpret these measures.