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 $$2\mathrm{.}53.$

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 $$2\mathrm{.}43$ 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?