QUESTIOU FOUR a The price per share of the Dells Deli Corporation is less than its book value Ooes this difference indicate that the firms present shareholders have lost money in the past? Does it indicate that they are likely to lose money in the future? Does it indicate that Dells Deli should not undertake any further capital inuestment? Explain (6 marks) your answerrs Price earnings ratios for individual I companies uary over time and among firms Discuss some of the possible reasons for this variability. (8 marks) . Sure Tool Company is expected to pay a dividend of Ksh.2 in the upcoming gear The risk free rate of return is 4% and the expected return of the market portfolio is 1 4%. A alysts expect the price of Sure Tool shares to be Shs.22 a year from row. The beta of Sure Tool Companys stock is 1.25 Required: i). The markets required rate of return on Sure Tools stock (3 marks) ii). What is the intrinsic value of sure Tools stock today5 marks) ii). If the intrinsic value is sh. 21 today, what must be the growth rate