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Year Dividend per Share 2022 $2.87 2021 $2.76 2020 $2.60 2019 $2.46 2018 $2.37 2017 $2.23 Common stock value-Constant growth Personal Finance Problem Over the

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Year Dividend per Share
2022 $2.87
2021 $2.76
2020 $2.60
2019 $2.46
2018 $2.37
2017 $2.23

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 2023 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 in 2022, just after the $2.87 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? (Round to a. If you can earn 13% on similar-risk investments, the most you would be willing to pay per share is $ the nearest cent.) (Round to b. If you can earn 10% on similar-risk investments, the most you would be willing to pay per share is $ the nearest cent.) c. According to the findings in parts a and b, as risk decreases, the required rate of return share price to (Select from the drop-down menus.) causing the

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