Integrative-Risk and valuation Giant Enterprises' stock has a required return of 14 7%. The company, which plans to pay a dividend of $2.58 per share in the coming year, anticipates that its future dividends will increase at an annual rate consistent with that experienced over 2009-2015 period, when the following dividends were paid: B a. If the risk-free rate is 9%, 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. ick on the icon located on the top-right corner of the data table below in ord py its contents into a spreadsheet.) Year 2015 2014 2013 2012 2011 2010 2009 Dividend per Share o $2.41 $2.25 $2.11 $1.97 $1.84 $1.72 $1.61 ntegrativeRisk and valuation Giant Enterprises' stock has a required return of 14.7%. The company, a. If the risk-free rate is 9%, 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 price of the stock the required rate of return, which in turn would the