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An equity research analyst at Gillman Advisors, Robert Gillman believes in efficient market. He has been following the mining industry for the past10 years and
An equity research analyst at Gillman Advisors, Robert Gillman believes in efficient market. He has been following the mining industry for the past10 years and needs to determine the constant growth rate that he should ues while valuing pan asia mining coRobert has the following information available Pan Asia Mining Co.' stock(ticker: PAMC) is trading at $23.75 The company has forecasted net income and common equity for the coming year to be 1,499,100 and 11,732,500, respectively The company has also been paying dividends for the past 8 years and maintained a dividend payout ratio of 47.50% Based on the information just given, what will be robert's forecast of PAMC's growth rate in earnings and dividends?
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