Based on the information just given, what will be Robert$$s forecast of PAMC$$s growth rate?

$4\mathrm{.}20\%$

$3\mathrm{.}49\%$

$6\mathrm{.}30\%$

$8\mathrm{.}95\%$

Which of the following statements accurately describes the relationship between earnings and dividends when all other factors are held constant?

Long$-$run earnings growth will decrease when firms retain earnings and reinvest them in the business.

All else being equal, growth in dividends requires growth in earnings.

Retaining a higher percentage of earnings will result in a lower growth rate.