Integrative-Risk and valuation Giant Enterprises' stock has a required return of 16.6%. The company, which plans to pay a dividend of $2 26 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 6%, what is the risk premium on Giant's stock? b. Using the constant-growth model, estimate the value of Giants 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. 1. If the risk-free rate is 6%, the risk premium on Giant's stock is (Round to one decimal place.) Data Table X (Click on the icon here in order to copy the contents of the data table below into a spreadsheet) Year Dividend per Share 2019 S213 2018 $2.01 2017 51.90 2016 S1.79 2015 $1.69 2014 $1.59 2013 $1.50 Enter your answer in the answer box a Print Done 2 pants remaining Check