Common stock valueConstant growth Personal Finance Problem Over the past 6 years, Elk County Telephone has paid the dividends shown in the following table, E The firm's dividend per share in 2020 is expected to be $2.39. 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 $2.32 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? Data Table (Click on the icon here in order to copy the contents of the data table below into a spreadsheet.) Year 2019 2018 2017 2016 2015 2014 Dividend per share $2.32 $2.25 $2.19 $2.12 $2.06 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.) $2.00 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.) Print Done