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Eaton Corporation just completed an IPO (Initial Public Offering) in which its common stock sold for $4.8082 per share (shares can sell at hundredths of

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Eaton Corporation just completed an IPO (Initial Public Offering) in which its common stock sold for $4.8082 per share (shares can sell at hundredths of a cent). Your analysis tells you that Eaton is expected to pay a per share dividend of $1 at time five (t=5), followed by a $1.50 dividend at time six (t=6) and then grow at a constant annual rate forever (in perpetuity). If investors require and 18% annual rate of return on Eaton's stock, what must be the constant perpetual growth rate that Eaton's investors expect

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