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 $3.38. a. If you can earn 11% on similar-risk investments, what is the most you would be willing to pay per share in 2019, just after the $3.31 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? Year 2019 2018 2017 2016 2015 2014 Dividend per share $3.31 $3.25 $3.18 $3.12 $3.06 $3.00