Dividend Yield The market price for Macro Corporation closed at $40.71 and $66.00 on December 31, current year, and previous year, respectively. The dividends per share were $0.57 for current year and $0.66 for previous year. a. Determine the dividend yield for Macro on December 31, current year, and previous year. Round percentages to two decima places Current year % Previous year b. The dividend yield increased from the previous year to the current year. This is a result of a(n) increase in the dividend relative to stock price. % Feedback Check My Work Divide the respective dividends per share by the respective market price per share for each year. Fair Value Journal Entries, Trading Investments Gruden Bancorp Inc. purchased a portfolio of trading securities during Year 1. The cost and fair value of this portfolio on December 31, Year 1, was as follows: Name Number of Shares Total Cost Total Fair Value Griffin Inc. 1,400 $18,760 $17,630 Luck Company 650 21,320 19,830 Wilson Company 300 8,700 8,870 Total $48,780 $46,330 On May 10, Year 2, Gruden Bancorp Inc. purchased 600 shares of Carroll Inc, at $29 per share plus a $50 brokerage commission Provide the journal entries to record the following: a. The adjustment of the trading security portfolio to fair value on December 31, Year 1. Year 1, Dec. 31 Unrealized Gain (Loss) on Trading Investments Valuation Allowance for Trading Investments Feedback Check My Work a. The gain or loss is the difference between the portfolio cost and its fair value. The offsetting account for the gain o Total $48,780 $46,330 On May 10, Year 2, Gruden Bancorp Inc. purchased 600 shares of Carroll Inc, at $29 per share plus a $50 brokerage commission. Provide the journal entries to record the following: a. The adjustment of the trading security portfolio to fair value on December 31, Year 1. Year 1, Dec. 31 Unrealized Gain (Loss) on Trading Investments Valuation Allowance for Trading Investments Feedback Check My Work b. The May 10, Year 2, purchase of Carroll Inc. stock. Year 2, May 10 Investments-Carroll Inc. Cash Feedback Check My Work