QUESTION THREE [20] 3.1 Siyavuma Ltd, a public company registered in at the JSE stock exchange, is expecting a return on equity (ROE) of 12% per year and expected eamings per share of R 4. Siyavuma's shareholders are expecting a dividend of R3 per share and require a rate of return of 10%. 3.1.1 What is the expected growth rate. (Show all your calculations) 3.1.2 Calculate the intrinsic value of the XYZ stock and its P/E ratio. (Show all your calculations) (6) 3.2 The returns on Amanda Ltd's share over the past five years are reported in table below: 3.2.1 Calculate the average retum for on Amanda's share over the five years. (2) 3.2.2 Calculate the variance and the standard deviation of Amanda's return over this period. (8)