The stock of Pills Berry Company is currently selling at $60 per share. The firm pays a dividend of $2.25 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 50 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

16 The stock of Pills Berry Company currently selling at $60 per share. The firm pays a dividend of $2.25 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.) 1.73 points Dividend yield eBook Me Hint b. If the firm has a payout rate of 50 percent, what is the firm's P/E ratio? (Do not round Intermediate calculations and round your answer to 2 decimal places.) Print P/E ratio times