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At the market close on May 12 of a recent year, McDonald’s Corporation had a closing...

At the market close on May 12 of a recent year, McDonald’s Corporation had a closing stock price of $129.51. In addition, McDonald’s Corporation had a dividend per share of $3.56 during the previous year. Determine McDonald's Corporation's dividend yield. (Round to one decimal place.)

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Answer #1

Dividend Yield = Annual Dividend / Share Price
= $ 3.56 / $ 129.51
= 0.02748822484 OR 2.7% = Answer

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