Af the beginning of 2007 (the year the iPhone was introduced). Apple's beta was 1.4 and the rish-free rate was about 5.1%. Apple's price was $81.71. Apple's brice at the end of 2007 was $198 t5. It you estinate the market risk premium to havo been 5.6%. did Apple's managers exceed their investorn' required retum as given by the CAPM? The expecled retum is 4. (RRound to two decimal places.)