A decrease in the risk premium would the required rate of retum, which in turn would the Integrative-Risk and valuation Giant Enterprises' stock has a required return of 14.7%. The company. which plans to pay a dividend of $2.55 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 6%, 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 6%, the risk premium on Giant's stock is %. (Round to one decimal place) \begin{tabular}{cc} \hline Year & Dividend per Share \\ \hline 2019 & $2.45 \\ 2018 & $2.36 \\ 2017 & $2.27 \\ 2016 & $2.18 \\ 2015 & $2.10 \\ 2014 & $2.02 \\ 2013 & $1.94 \\ \hline \end{tabular}