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Over the past 6 years, Elk County Telephone has paid the dividends shown in the following table, E. The firm's dividend Common stock value-Constant growth

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Over the past 6 years, Elk County Telephone has paid the dividends shown in the following table, E. The firm's dividend Common stock value-Constant growth Personal Finance Problem per share in 2020 is expected to be $1.42. a. If you can earn 12% on similar-risk investments, what is the most you would be willing to pay per share in 2019, just after the $1.34 dividend? b. If you can earn only 9% 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 12% 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 9% 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 sing the share price to elect from the drop-down menus.) Data Table in order to copy the contents of the data table below (Click on the icon here into a spreadsheet.) Year 2019 2018 2017 2016 2015 2014 Dividend per share $1.34 $1.26 $1.19 $1.12 $1.06 $1.00 Enter your answer in each of the answer boxes

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