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

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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? 

b. If the firm has a payout rate of 60 percent, what is the firm’s P/E ratio?