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 $2.53. a. If you can earn 15% on similar-risk investments, what is the most you would be willing to pay per share in 2019, just after the $2.43 dividend? b. If you can earn only 12% 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 15% on similar-risk investments, the most you would be willing to pay per share is $ 3.85). (Round to the nearest cent.) b. If you can earn 12% on similar-risk investments, the most you would be willing to pay per share is $3.63 (Round to the nearest cent.) C. According to the findings in parts a and b, as risk decreases the required rate of retum decreases causing the share price to (Select from the drop-down menus) rise the share Data Table (Click on the icon here in order to copy the contents of the data into a spreadsheet) Year 2019 2018 2017 2016 2015 2014 Dividend per share $2.43 $2.34 $2.25 $2.16 $2.08 $2.00 the from Done Print