The market price for Macro Corporation closed at $46.58 and $80.00 on December 31, current year, and previous year, respectively. The dividends per share were $0.68 for current year and $0.80 for previous year. Determine the dividend yield for Macro on December 31, current year, and previous year. Round percentages to two decimal places. Current year  % Previous year  % b. The dividend yield increased  from the previous year to the current year. This is a result of a(n) increase  in the dividend relative to stock price.

Intermediate Financial Management (MindTap Course List)
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Author:Eugene F. Brigham, Phillip R. Daves
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Chapter15: Distributions To Shareholders: Dividends And Repurchases
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Dividend Yield

The market price for Macro Corporation closed at $46.58 and $80.00 on December 31, current year, and previous year, respectively. The dividends per share were $0.68 for current year and $0.80 for previous year.

Determine the dividend yield for Macro on December 31, current year, and previous year. Round percentages to two decimal places.

Current year  %
Previous year  %

b. The dividend yield increased  from the previous year to the current year. This is a result of a(n) increase  in the dividend relative to stock price.

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