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 $7.50. a. If you can eam 11% on similar-risk investments, what is the most you would be willing to pay per share in 2019, just after the $7.01 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 eam 11% on similar-risk investments, the most you would be willing to pay per share is $. (Round to the nearest cent.) b. If you can earn 8% on similar-risk investments, the most you would be willing to pay per share is $ (Round to the nearest cent) c. According to the findings in parts a and b, as risk decreases, the required rate of retum causing the share price to (Select from the drop-down menus.) Year 2019 2018 2017 2016 2015 2014 Dividend per share $7.01 $6.55 $6.13 $5.72 $5.35 $5.00