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Common stock value-Constant growth Personal Finance Problem Over the past 6 years, Elk County Telephone...

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Common stock value-Constant growth Personal Finance Problem Over the past 6 years, Elk County Telephone has paid the dividends shown in the following The firm's dividend per share in 2020 is expected to be $9.93. table, 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 $9.37 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? Year 2019 2018 2017 2016 2015 2014 Dividend per share $9.37 $8.84 $8.34 $7.87 $7.42 $7.00

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