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 $2023$ is expected to be $$4\mathrm{.}78.$

a$.$ If you can earn $11\%$ on similar$-$risk investments, what is the most you would be willing to pay per share in $2022,$ just after the $$4\mathrm{.}64$ 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?

Data table

e is $$.($Round to

$($Click on the icon here in order to copy the contents of the data table below into a spreadsheet.$)$

$\backslash$table$[[$Year$,$Dividend per share$],[2022,$$$4\mathrm{.}64$