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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

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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? 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.) Year 2019 2018 2017 2016 2015 2014 Dividend per share $2.87 $2.76 $2.60 $2.46 $2.37 $2.25

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