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(Click on the icon here e in order to copy the contents of the data table below into a spreadsheet.) Year Dividend per share 2019

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(Click on the icon here e in order to copy the contents of the data table below into a spreadsheet.) Year Dividend per share 2019 $9.27 2018 $9.00 2017 $8.74 2016 $8.49 2015 $8.24 2014 $8.00 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 $9.55. a. If you can earn 12% on similar-risk investments, what is the most you would be willing to pay per share in 2019, just after the $9.27 dividend? b. If you can earn only 9% 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

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