7. Constant-growth rates One of the most important components of stock valuation is a firm's estimated growth rate Financial statements provide the information needed to estimate the growth rate. A-Z Consider this case: Robert Giman, an equity research analyst at Gillman Advisors, believes 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 Asia Mining Co. Robert has the following information available: REE 7 mited Red . Pan Asia Mining Co.'s stock (Ticker PAMC) * trading at $18.75. . The company stocks expected to pay a year and dividend of $0.90 that is expected to grow at a certain rate. . The stocks expected rate of return is 9.00% inted on the information Just given, what we Robert's forecast of PAMC's growth rate? 630 80 888 00 FO 4) 10 Y G $