Robert Gillman, 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: O Pan Asia Mining Co.'s stock (Ticker: PAMC) is trading at $22.50. O The company has forecasted net income and book value of equity for the coming year to be $1,420,200 and $11,115,000, respectively. O The company has also been paying dividends for the past eight years and has maintained a dividend payout ratio of 45.0%. A) Based on this information, Robert's forecast of PAMC's growth rate in earnings and dividends should be: a. 7.03% b. 31.95% c. 28.75% d. 8.62%
Answers (1)
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “Robert Gillman, an equity research analyst at Gillman Advisors, believes in efficient markets. He has been following the mining industry ...” in 📙 Business if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers
You Might be Interested in
Thrice Corp. uses no debt. The weighted average cost of capital is" 8.9" percent. The current market value of the equity is $17.5 million and the corporate tax rate is 25 percent. What is EBIT?
Answers (1)
The stockholders of a corporation exert a significant degree of control over the company's daily operations. question 3 options: a. True b. False
Answers (1)
In order to qualify for Long Term Care insurance, a person must be unable to perform how many of the basic activities of daily living? A. All of the activities B. At least 2 C. At least 5 D. At least 1
Answers (2)
Muckrakers were writers who wrote mostly about blank in government and business
Answers (1)
A coffee company wants a new flavor of Cajun coffee. How many pounds of coffee worth $ 8$8 a pound should be added to 2020 pounds of coffee worth $ 5$5 a pound to get a mixture worth $ 6$6 a pound?
Answers (1)
New Questions in Business
How can cybercriminals harm a person whose personal information they have stolen?
Answers (1)
An employee who is entitled to a fair hearing in the case of a dismissal from a job is an example of
Answers (1)
Monmouth Inc.'s stock has a 30% chance of producing a 20% return, a 30% chance of producing a 10% return, and a 40% chance of producing a - 10% return. What is the firm's expected rate of return?
Answers (2)
Oahu Industries' average total assets for the year are $4,000,000, its average total stockholders' equity for the year are $3,000,000, its net income is $800,000, its gross margin is $2,000,000, and its net sales are $10,000,000.
Answers (1)
Following the completion of the bank reconciliation, an adjusting entry was made that debited cash and credited Interest Revenue. Therefore the bank reconciliation must have included an item that was: A.
Answers (2)