011 Lets estimate the required return to PFE. Here are the histone retums for various asset dasses Step one is to calculate the historic rates of returns on vantus usser classes This Sinilar to the exercise that we did in class with the growth of a dollar charts Beginning Value 1231/1926 Ending Value 12/31/2019 Smal stocks Large Stocks IS&P500 LT Government Bords T-Bills $1.00 $1.00 $1.00 $32.500 00 $8.550.00 $ 100.00 $ 32.00 S 15.00 $100 $100 Indiation 012015. Calculate the Geometric Average Returns from 1925 to 2019 Fidelity calls them the average annual returns for each of the asset classes SHOW WORK NO WORK. NO POINTS Q12 Small Stocks 013 Lage Stocks (S&P500 014 LT Government Bonds 015 Tits 010. For this time fra 1925 to 20191 what has been demet Average Return of the Market SHOW WORK NO WORK NO POINTS Q116018Give the CAPM equation that is used to find the required return for Stock Denetes