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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

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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 $5.36. 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 $5.11 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 (Select from the drop-down menus.) $ $ (Click on the icon here in order to copy the contents of the data table below into a spreadsheet.) Year Dividend per share 2019 $5.11 2018 $4.86 2017 $4.63 2016 $4.41 2015 $4.20 2014 $4.00

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