Common stock value-Constant growth Personal Finance Problem Telephone has paid the dividends shown in the following...

Transcribed Image Text:

Common stock value-Constant growth Personal Finance Problem Telephone has paid the dividends shown in the following table, expected to be $7.88. Over the past 6 years, Elk County The firm's dividend per share in 2023 is a. If you can earn 14% on similar-risk investments, what is the most you would be willing to pay per share in 2022, just after the $7.73 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 $ the nearest cent.) (Round to Common stock value-Constant growth Personal Finance Problem Telephone has paid the dividends shown in the following table, expected to be $7.88. Over the past 6 years, Elk County The firm's dividend per share in 2023 is a. If you can earn 14% on similar-risk investments, what is the most you would be willing to pay per share in 2022, just after the $7.73 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 $ the nearest cent.) (Round to