The market price for Microsoft Corporation closed at $55.48 and $46.45 on December 31, current year, and previous year, respectively. The dividends per share were $1.24 for current year and $1.12 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.

Managerial Accounting: The Cornerstone of Business Decision-Making
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Chapter15: Financial Statement Analysis
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The market price for Microsoft Corporation closed at $55.48 and $46.45 on December 31, current year, and previous year, respectively. The dividends per share were $1.24 for current year and $1.12 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.

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