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28. Republic Corporation pays a quarterly dividend of $1.00 per share of its common stock, which is selling at a price of $40.00 per share.

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28. Republic Corporation pays a quarterly dividend of $1.00 per share of its common stock, which is selling at a price of $40.00 per share. The company earns net income of $80,000,000, from which it pays out $20,000,000 in dividends on its common stock. The dividend payout ratio is % and the dividend yield is % A. 10%,25% B. 25%,10% C. 2.5%,10% D. 10%,2.5% E. 20%,5%

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