Dividend yield OBJ. 6 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.