Common stock value-Constant growth Personal Finance Problem Elk County Telephone has paid the dividends shown in the following table over the previous 6 years: 10,. The firm's dividend per share next year is expected to be $4.02. If you can earn 12% on similar -risk investments, what is the most you would be willing to pay per share? If you can earn only 9% on similar -risk investments, what is the most you would be willing to pay per share? Compare your findings in parts a and b, what is the impact of changing risk on share value? If you can earn 12% on similar -risk investments, the most you would be willing to pay per share is $| |. (Round to the nearest cent.) If you can earn 9% on similar -risk investments, the most you would be willing to pay per share is $| |. (Round to the nearest cent.) According to the findings in parts a and b. as risk decreases, the required rate of return increases, causing the share price to rise. (Select from the drop-down menus.)