P7-23 (similar to) Question Help Integrative-Risk and valuation Giant Enterprises' stock has a required return of 12.2%. The company, which plans to pay a dividend of $1.55 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 Glant'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 4%, the risk premium on Giant's stock is 3%. (Round to one decimal place.) I Enter your answer in the answer box and then click Check Answer ? 2 parts Clear All Check Answer Javascript dolore Type here to search O Draminmau di hava antha wanafiante staal ER Data Table (Click on the icon located on the top-right corner of the data table below in order to copy its contents into a spreadsheet.) Year 2019 2018 2017 2016 2015 2014 2013 Dividend per Share $1.45 $1.35 $1.27 $1.18 $1.11 $1.03 $0.97 our a ts mainin Print Done Type here to search