Dividend Yield
Response to the following problem:
The market price for Macro Corporation closed at $33.07 and $47.93 on December 31, 2008, and 2009, respectively. The dividends per share were $0.42 for 2008 and $0.58 for 2009.
a. Determine the dividend yield for Macro on December 31, 2008, and 2009. Round percentages to two decimal places.