At the market close on October 27 of a recent year, McDonalds Corporation had a closing stock

Question:

At the market close on October 27 of a recent year, McDonald’s Corporation had a closing stock price of $93.49. In addition, McDonald’s Corporation had a dividend per share of $2.44 during the previous year.

Determine McDonald’s Corporation’s dividend yield. (Round to one decimal place.)

Corporation
A Corporation is a legal form of business that is separate from its owner. In other words, a corporation is a business or organization formed by a group of people, and its right and liabilities separate from those of the individuals involved. It may... Dividend
A dividend is a distribution of a portion of company’s earnings, decided and managed by the company’s board of directors, and paid to the shareholders. Dividends are given on the shares. It is a token reward paid to the shareholders for their...