for the past 10 years and needs to determine the constant growth rate that he should use while valuing Pan Asia Mining Co, Robert has the following information avalable: - Pan Asia Mining Co.'s stock (Ticker: PAMC) is trading at $16.25. - The company has forecasted net income and book value of equity for the coming year to be $1,025,700 and $8,027,500, respectively, - The company has also been paying dividends for the past eight years and has maintained a dividend payout ratio of 32.500000%. Based on this information, Robert's forecast of PAMC's growth rate in earnings and dividends should be: 8.62% 15.98% 6.23% 20.77% Which of the following statements accurately descnbes the relationship between earnings and dividends when all other factors are held constant? Long-run earnings growth occurs primarily because firms retain earnings and reinvest them in the business. Paying a higher percentage of earnings as dividends will result in a higher growth rate. Dividend growth and earnings growth are unrelated