If a $28 per share stock has a P/E ratio of 12 and pays out 40 percent of its profits in dividends,

3. value: 0.91 points If a $28 per share stock has a P/E ratio of 12 and pays out 40 percent of its profits in dividends, (a) How much profit is it earning per share? Instructions: Enter your response rounded to two decimal places. (b) How large is its dividend? Instructions: Enter your response rounded to two decimal places. (c) What is the implied rate of return? Instructions: Enter your response as a percent rounded to the nearest two decimals