=+EX 15-29 Dividend yield The market price for Microsoft Corporation closed at $29.86 and $35.60 on December

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=+EX 15-29 Dividend yield The market price for Microsoft Corporation closed at $29.86 and $35.60 on December 29, 2006, and December 31, 2007, respectively. The dividends per share were $0.37 for 2006 and $0.41 for 2007.

a. Determine the dividend yield for Microsoft on December 29, 2006, and December 31, 2007. (Round percentages to two decimal places.)

b. Interpret these measures.

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Accounting

ISBN: 978-1111001346

23rd Edition

Authors: Carl S. Warren

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