At the beginning of $2007($the year the iPhone was introduced$),$ Apple's beta was $1\mathrm{.}53$ and the risk$-$free rate was about $3\mathrm{.}59\%.$ Apple's price was $$80\mathrm{.}29.$ Apple's price at the end of $2007$ was $$196\mathrm{.}27.$ If you estimate the market risk premium to have been $6\mathrm{.}64\%,$ did Apple's managers exceed their investors' required return as given by the CAPM?

FIND:

$1.$ Expexted return $($round $2$ decimal places$)$

$2.$ realized return $($round $2$ decimal places$)$