7-11 (similar to) Question Help Common stock value-Constant growth Personal Finance Problem Over the past 6 years, Elk County Telephone has paid the dividends shown in the following table, The firm's dividend per share in 2020 is expected to be $11.35. a. If you can earn 11% on similar-risk investments, what is the most you would be willing to pay per share in 2019, just after the $10.71 dividend? b. If you can earn only 8% on similar-risk investments, what is the most you would be willing to pay per share? C. Compare your findings in parts a and b, what is the impact of changing risk on share value? a. If you can earn 11% on similar-risk investments, the most you would be willing to pay per share is $. (Round to the nearest cent.) P7-14 (similar to) Common stock value-Variable growth Lawrence Industries' most recent annual dividend was $2.55 per share (Do = $2.55), and the firm's required return is 15%. Find the market value of Lawrence's shares when dividends are expected to grow at 30% annually for 3 years, followed by a 4% constant annual growth rate in years 4 to infinity The market value of Lawrence's shares is $ (Round to the nearest cont.) Data Table he has tock value idends show (Click on the icon here in order to copy the contents of the data table below into a spreadsheet.) It after can earn 11% 1 dividend? can earn only are your finding Year 2019 2018 2017 2016 2015 2014 u can earn 11% cent) Dividend per share $10.71 $10.10 $9.53 $8.99 $8.48 $8.00 Ithe Print Done