Response to the following problem:
The table below shows the stock price, earnings per share, and dividends per share for three companies as of a recent date:
Price Earnings per Share Dividends per Share
Bank of America Corp. $68.20 $5.91 $2.56
eBay Inc. 73.56 0.85 0.00
Coca-Cola Company 40.06 1.68 0.80
a. Determine the price-earnings ratio and dividend yield for the three companies. Round to two decimal places.
b. Explain the differences in these ratios across the three companies.