Step by step solution required for these two questions

Question 3 O out of 0.5 points A company has an annual dividend growth rate of 5% and a retention rate of 39 %. The company's dividend payout ratio is (in %): Selected Answer: 12.82% Correct Answer: 61.00+ 0.01 Question 4 O out of 0.5 points TIME stock's P/E ratio is 44 at a time when the market's P/E ratio is 16. TIME's relative P/E ratio is Selected Answer: 0.36 Correct Answer: 2.75 +0.01