The stock of Pills Berry Company is currently selling at $80 per share. The firm pays a dividend of $3.30 per share.

a. What is the annual dividend yield? (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 60 percent, what is the firms P/E ratio? (Do not round intermediate calculations and round your answer to 2 decimal places.) P/E ratio

times