Hon Integrative Risk and valuation Giant Enterprises' stock has a required return of 14,4%. The company, which plans to pay a dividend of $2.71 per share In the coming year, anticipates that its future dividends will increase at an annual rate consistent with that experienced over 2013-2019 period, when the following dividends were paid a. If the risk-free rate is 5%, 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 '8%, the risk premium on Giant's stock is 1% (Round to one decimal place) b. Using the constant-growth model, the value of Giant's stock is $ (Round to the nearest cont.) 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.) PERLE C10 the price of the stock A decrease in the risk premium would the required rate of return, which in turn would what effect, if any, a decrease in the risk premium would have on the value e in the risk premium would the required rate of return, which in tu decrease increase (Round to one decimal place.) (Round to the nearest cent.) ve on the value of Giant's stock. (Select from the drop-down menus.) return, which in turn would the price of the stock. decrease increase i Data Table (Click on the icon located on the top-right corner of the data table below in on copy its contents into a spreadsheet.) Year 2019 2018 2017 2016 2015 2014 2013 Dividend per Share $2.58 $2.46 $2.34 $2.23 $2.12 $2.02 $1.93