P7-12 (similar to) B Question meip Common stock value-Constant 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 $7.09. a. If you can earn 14% on similar-risk investments, what is the most you would be willing to pay per share in 2019, just after the $6.69 dividend? b. If you can earn only 11% 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 14% on similar-risk investments, the most you would be willing to pay per share is $ (Round to the nearest cent.) Enter your answer in the answer box and then click Check Answer ? 2 parts remaining hilar to) * value Constant growth Personal Finance Problem Over the past 6 years, Elk County Telephone has paid the dividends sho e firm's dividend per share in 2020 is expected to be $7.09. 69 dividend? am 14% on similar-ris arn only 11% on simil ar findings in parts a Data Table tent.) un 14% on similar-ris (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 $6.69 $6.31 $5.96 $5.62 $5.30 $500 Print Done Wer in the answer box and then click Check Answed