3. Consider the impact of the change in stock prices on the dividend yield. Will the dividend yield go up or down with the change in the stock price? Considering only the impact of the dividend yield on the cost of common stock, what happened to the cost of common stock during this time period?

Log onto the S&P Market Insight Web site, www.mhhe.com/edumarketinsight. Click on “Commentary,” which is the third box below the Market Insight title. The second major heading on the left side is Trends and Projections. Click on the current “Trends and Projections.” This is a quarterly economic summary for the U.S. economy and is filled with charts and tables. Find the graphs depicting interest rate behavior over the last several years.