At the 2007 Phone Apple Apple price and will be managers as the CAM bar The Runtime At the beginning of 2007 the year the phone was introduced Apple's bela was 12 and the risk to rate was about 30%. Apple's price was 58465. Apple's proe at the end of 2007 was 510064 you estimate the market is premium to have been 55% did Apple's managers exceed to investors' required return as given by the CAPM The expected return 64% (Round to two decineat places)