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2. (40 points) On July 22, 2021, yahoofinance.com reports the following information on Pfizer, Inc. (Ticker: PFE), maker of one of the COVID-19 vaccines. yahoo!

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2. (40 points) On July 22, 2021, yahoofinance.com reports the following information on Pfizer, Inc. (Ticker: PFE), maker of one of the COVID-19 vaccines. yahoo! finance Search for news, symbols or com Finance Home Watchlists My Portfolio Screeners Yahoo 41.29 +0.27 (+0.66%) As of 1:40PM EDT. Market open. Summary Company Outlook Chart Conversations Stati: Close 41 31.101B Open 41.12 0.68 Bid 41.30 x 2200 20.91 Ask 41.31 x 3200 Market Cap Beta (5Y Monthly) PE Ratio (TTM) EPS (TTM) Earnings Date Forward Dividend & Yield Ex-Dividend Date 1.97 Day's Range 40.90 - 41.45 32.83 - 43.08 Jul 28, 2021 1.56 (3.80%) 52 Week Range Volume 10,000,473 Jul 29, 2021 Avg. Volume 25,278,641 1y Target Est 43.32 There are currently 18 Wall Street analysts who follow PFE and their collective growth estimates are summarized here: . finance.yahoo.com/quote/PFE/analysis/ Apps CutePDF Editor - the BC Agora F Fidelity Bank Mortg... yahoo! Search for news, symbols orc finance Growth Estimates PFE Current Qtr 23 10% Next Qtr 36.10% Current Year 66.70% Next Year -7.60% 11.52% Next 5 Years (per annum) Past 5 Years (per annum) 8.67% PFE's current dividend per share is $1.51. Using a discount rate of 5%, what value would you place on Pfizer's stock? Is it over- or undervalued compared to the stock price of $41.29 given above? 2. (40 points) On July 22, 2021, yahoofinance.com reports the following information on Pfizer, Inc. (Ticker: PFE), maker of one of the COVID-19 vaccines. yahoo! finance Search for news, symbols or com Finance Home Watchlists My Portfolio Screeners Yahoo 41.29 +0.27 (+0.66%) As of 1:40PM EDT. Market open. Summary Company Outlook Chart Conversations Stati: Close 41 31.101B Open 41.12 0.68 Bid 41.30 x 2200 20.91 Ask 41.31 x 3200 Market Cap Beta (5Y Monthly) PE Ratio (TTM) EPS (TTM) Earnings Date Forward Dividend & Yield Ex-Dividend Date 1.97 Day's Range 40.90 - 41.45 32.83 - 43.08 Jul 28, 2021 1.56 (3.80%) 52 Week Range Volume 10,000,473 Jul 29, 2021 Avg. Volume 25,278,641 1y Target Est 43.32 There are currently 18 Wall Street analysts who follow PFE and their collective growth estimates are summarized here: . finance.yahoo.com/quote/PFE/analysis/ Apps CutePDF Editor - the BC Agora F Fidelity Bank Mortg... yahoo! Search for news, symbols orc finance Growth Estimates PFE Current Qtr 23 10% Next Qtr 36.10% Current Year 66.70% Next Year -7.60% 11.52% Next 5 Years (per annum) Past 5 Years (per annum) 8.67% PFE's current dividend per share is $1.51. Using a discount rate of 5%, what value would you place on Pfizer's stock? Is it over- or undervalued compared to the stock price of $41.29 given above

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