Chapter 13, Problem 26EX

a)

To determine

Dividend yield:

This is the ratio which measures the amount of dividends paid relative to the market price.

Formula for dividend yield:

$\text{Dividend yield = }\frac{\text{Dividend price per share of common stock}}{\text{Market price per share of common stock}}$

To determine: The dividend yield for Corporation M, for current and previous years

b)

To determine

To explain: The changes in dividend yield.