Use yahoo finance to find information for the common stock of Pfizer Corporation. Pfizer Inc. develops, manufactures, and sells healthcare products worldwide. It offers medicines and vaccines in various therapeutic areas, including cardiovascular metabolic and pain under the Eliquis, Chantix/Champix, and Premarin family brands; biologics, small molecules, immunotherapies, and biosimilars under the Ibrance, Sutent, Xtandi, Xalkori, Inlyta, Braftovi + Mektovi brands; and sterile injectable and anti-infective medicines under the Sulperazon, Medrol, Vfend, and Zithromax brands.

Q11. Let's estimate the "required return" for PFE. Here are the historic returns for various asset classes. Step one is to calculate the historic rates of returns on various asset classes. This is similar to the exercise that we did in class with the growth of a dollar charts.

Beginning Value Ending Value

12/31/1925 12/31/2017

Small stocks $1.00 $32,000.00

Large Stocks [S&P500] $1.00 $ 6,500.00

LT Government Bonds $1.00 $ 170.00

T-Bills $1.00 $ 27.00

Inflation $1.00 $ 15.00

Q12-Q15. Calculate the Geometric Average Returns from 1925 to 2017 [Fidelity calls them the average annual returns] for each of the asset classes:

SHOW WORK. NO WORK. NO POINTS

Q12. Small stocks

Q13. Large Stocks [S&P500]

Q14. LT Government Bonds

Q15. T-Bills