Robert Gillman, an equity research analyst at Gillman Advisors, belleves in efficient markets. He has been following the mining industry for the past 10 years and needs to determine the constant growth rate that he should use while valuing Pan Asla Mining Co. Robert has the following information available: - Pan Asia Mining Co.'s stock (Ticker: PAMC) is trading at $13,75. - The company's stock is expected to pay a year-end dividend of $0.66 that is expected to grow at a certain rate. - The stock's expected rate of return is 6.60%. Based on the information just given, what will be Robert's forecast of PAMC's growth rate? 6.55% 1.80% 2.70% 1.49% Which of the following statements accurately describes the relationship between earnings and dividends when all other factors are held constant? All else being equal, growth in dividends requires growth in earnings. Retaining a higher percentage of earnings wilt result in a lower growth rate. Long-run earnings growth will decrease when firms retain earnings and reinvest them in the business