Jason Corporation has only common stock outstanding. The firm reported earnings per share of \(\$ 4.00\) for the year. During the year, Jason paid dividends of \(\$ 0.85\) per share. At year end, the current market price of the stock was \(\$ 70.30\) per share.

Calculate the following:

a. Price-earnings ratio

b. Dividend yield

c. Dividend payout ratio