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

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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.
Corporation
A Corporation is a legal form of business that is separate from its owner. In other words, a corporation is a business or organization formed by a group of people, and its right and liabilities separate from those of the individuals involved. It may...
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...
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Accounting

ISBN: 978-1337899451

27th edition

Authors: Carl S. Warren, James M. Reeve, Jonathan Duchac

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