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 $5.36. a. If you can earn 13\% on similar-risk investments, what is the most you would be willing to pay per share in 2019. just after the $5.11 dividend? b. If you can eam 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? \begin{tabular}{cc} \hline Year & Dividend per share \\ \hline 2019 & $5.11 \\ 2018 & $4.86 \\ 2017 & $4.63 \\ 2016 & $4.41 \\ 2015 & $4.20 \\ 2014 & $4.00 \\ \hline \end{tabular}