The following information refers to the financial records of McDonald's Corporation over a three-year period (dollar amounts in millions except share price).

a. Compute dividends declared as percentage of net income during each of the three years,b. Compute the price-earnings ratio, dividend yield, and stock price return for 2006, 2007, and 2008.c. Comment on the performance of an investment in McDonald's stock from 2006 to2008.

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2007 2008 2006 Net income Dividends declared Closing per-share price Number of shares outstanding S4,313 1,823 62.19 1,127 S2,395 1,766 58.91 1,188 S3,544 1,217 44.33 1,234