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, 1 The firm's dividend per share in 2020 is expected to be $12.01. a. If you can earn 13% on similar-risk investments, what is the most you would be willing to pay per share in 2019, just after the $11.22 dividend? b. If you can earn only 10% 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 earn 13% 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 10% 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 return causing the share price to (2) (Select from the drop-down menus.) 1: Data Table (Click on the icon here spreadsheet.) in order to copy the contents of the data table below into a Year 2019 2018 Dividend per share $11.22 $10.49 59.80 59.16 $8.56 $8.00 2016 2015 2014 (1) O O decreases increases (2) O O rise fall