an FIN 320 Pearson At the beginning of 2007 (the year the iPhone was introduced) Apple's beta was 13 and the risk-free rate was about 36% Apple's price was $82 29 Apple's price at the end of 2007 was 5197 20. you estimate the market risk promium to have been 5.7%, did Apple's managers exceed their investors required return as given by the CAPM? The expected return is 0% (Round to two decimal places)