Using the annual report and other sources such as a 10k or 10qs, discuss the dividend policy of McDonalds.

Answer the following questions as part of your response:

• How would you describe your chosen companys dividend policy?
• Why do you believe this company chose the dividend policy they have in place?
• Do you agree or disagree that they have selected the best dividend policy for the company?
• How might this dividend policy function in both perfect and imperfect capital markets?
• Calculate the dividend rate over the past 5 years. Define why you believe that it has or has not changed over the last 5 years.

Support your position with evidence from the text or external sources. Your post should be 200-250 words in length.