Common stock valueConstant 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 $3.02. 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 $2.87 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? - X Data Table (Click on the icon here 2 in order to copy the contents of the data table below into a spreadsheet.) Year Dividend per share 2019 $2.87 2018 $2.76 2017 $2.60 2016 $2.46 2015 $2.37 2014 $2.25 Print Done 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 decreases, causing the share price to rise. (Select from the drop-down menus.)