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.

Data table

a$.$ If the risk$-$free rate is $6\%,$ the risk premium on Giant's stock is $\%.($Round to one decimal place.$)$

$($Click on the icon here $$ in order to copy the contents of the data table below into a spreadsheet.$)$

$\backslash$table$[[$Year$,$Dividend per Share$],[2019,$$$1\mathrm{.}61$