Al the beginning of 2007 (the year the iPhone was introduced). Apple's beta was 1.2 and the risk free rate was about 4.5% Applos price was $8117 Apple's price at the end of 200% Was 5190.72. fr you estimate the manket tisk premium to haye been 6 . Th. did Applo's ranagers exceed their invesiocs' required return as given by the CAPM? The sixpected return is (Fiound to two decimal places)