Personal Finance Problem 7-11 Common stock value: Constant growth Elk County Telephone has paid the divi dends shown in the following table over the past 6 years. Dividend per share $2.87 2.76 2.60 2.46 2.37 2.25 Year 2015 2014 2013 2012 2011 2010 The firm's dividend per share next year 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? would be willing to pay per share? changing risk on share value. b. If you can earn only 10% on similar-risk investments, what is the most you c. Compare and contrast your findings in parts a and b, and discuss the impact of