Integrative - Risk and valuation Giant Enterprises' stock has a required return of 14.8%. The company, which plans to pay a dividend of $1.59 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 5%, the risk premium on Giant's stock is \%. (Round to one decimal place.) 7 the icon here in order to copy the contents of the data table below readsheet.)