Integrative Risk and valuation Giant Enterprises' stock has a required return of 12.3%. The company, which plans to pay a dividend of $2.93 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 4%, 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. Data table in order to copy the contents of the data table below (Click on the icon here into a spreadsheet.) Year per Share 2019 2018 2017 2016 2015 2014 2013 Dividend $2.82 $2.71 $2.60 $2.50 $2.41 $2.32 $2.23