The stock of Pills Berry Company is currently selling at $$65$ per share. The firm pays a dividend of $$3\mathrm{.}20$ per share.

a$.$ What is the annual dividend yield?

Note: Do not round intermediate calculations. Input your answer as a percent rounded to $2$ decimal places.

Dividend yield

$\%$

b$.$ If the firm has a payout rate of $50$ percent, what is the firm's P$/$E ratio?

Note: Do not round intermediate calculations and round your answer to $2$ decimal places.

P$/$E ratio

ti