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At the beginning of 2 0 0 7 ( the year the iPhone was introduced ) , Apple's beta was 1 . 5 1 and
At the beginning of the year the iPhone was introduced Apple's beta was and the riskfree rate was about Apple's price was $ Apple's price at the end of was $ If you estimate the market risk premium to have been did Apple's managers exceed their investors' required return as given by the CAPM?
The expected return is Round to two decimal places.
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