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 $$2\mathrm{.}84.$

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 $$2\mathrm{.}68$ 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? $q,$

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.$)$

Data table

$($Click on the icon here $b_1$ in order to copy the contents of the data table below into a spreadsheet.$)$

$\backslash$table$[[$Year$,$Dividend per share$],[2022,$$$2\mathrm{.}6$