Common stoek value-Constant growth Personal Finance Protiem Over the past 6 years. Elk County Teleptone has paid tho dividends shown in the foliowing toble. The fortis dvidend Der thate in 2020 is axpected to be $2.39. a. If you cha eam 11% on smiar riak investments, what is the most you would be witing to pay pet thare in 2019 , fust aflar the 32.32 ovidend? b. If you can eam only at on timlar-tikk investrents, What is the most you would be weing to pay per share? c. Comparn your findings in parts a and b, what is the impact of eherging tisk on share value? 1. If you can naen 11% on ciniar risk investments, the most you would be witting to pay per shave is 1 (Fround to tha nearest cent) \begin{tabular}{cc} \hline Year & Dividend per share \\ \hline 2019 & $2.32 \\ 2018 & $2.25 \\ 2017 & $2.19 \\ 2016 & $2.12 \\ 2015 & $2.06 \\ 2014 & $2.00 \\ \hline \end{tabular} Tea finis distand per ahare in 2020 is expected to be $23.39. b. If you can earn only 5% on simitartisk investrents, what is the most you would be witing to pay per thare? c. Compare your findings in parts a and b, what is the inpact of changing rak co share value? a. It you can earn 11 W on similar-isk investroents, the most you would be willing to pay per ahace is 1 (Fhound to the nearest cont)