ASAP

Integrative-Risk and valuation Giant Enterprises' stock has a required return of 15.4%. The company, which plans to pay a dividend of $2.23 per share in the coming year, anticipates that its future dividends will increase at an annual rate consistent with that experienced over 2016-2022 period, when the following dividends were paid; a. If the risk-free rate is 6%, what is the risk premium on Giant's stock? b. Using the constant-growth model, estimate the value of Giant's stock. (Hint: Round the computed dividend growth rate to the nearest whole percent.) c. Explain what effect, if any, a decrease in the risk premium would have on the value of Giant's stock. a. If the risk-free rate is 6%, the risk premium on Giant's stock is \%. (Round to one decimal place.) b. Using the constant-growth model, the value of Giant's stock is \$ (Round to the nearest cent.) c. Explain what effect, if any, a decrease in the risk premium would have on the value of Giant's stock. (Select from the drop-down menus:) A decrease in the risk premium would the required rate of return, which in turn would the price of the stock \begin{tabular}{cc} \hline Year & Dividend per Share \\ \hline 2022 & $2.14 \\ 2021 & $2.06 \\ 2020 & $1.98 \\ 2019 & $1.91 \\ 2018 & $1.83 \\ 2017 & $1.76 \\ 2016 & $1.69 \\ \hline \end{tabular}