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 $6.76. a. If you can earn 16% on similar-risk investments, what is the most you would be willing to pay per share in 2019 , just after the $6.62 dividend? b. If you can earn only 13% 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? \begin{tabular}{cc} \hline Year & Dividend per share \\ \hline 2019 & $6.62 \\ 2018 & $6.49 \\ 2017 & $6.37 \\ 2016 & $6.24 \\ 2015 & $6.12 \\ 2014 & $6.00 \\ \hline \end{tabular}