The market price for Potash Corp. of Saskatchewan Inc. closed at $114.39 and $154.45 on December 31,

Question:

The market price for Potash Corp. of Saskatchewan Inc. closed at $114.39 and $154.45 on December 31, 2009, and December 31, 2010, respectively. The dividends per share were $0.15 for 2009 and $0.14 for 2010.
a. Determine the yield for Potash Corp. on December 31, 2009, and December 31, 2010. (Round percentages to two decimal places.)
b. Interpret these measures.
Dividend
A dividend is a distribution of a portion of company’s earnings, decided and managed by the company’s board of directors, and paid to the shareholders. Dividends are given on the shares. It is a token reward paid to the shareholders for their...