At the beginning of 2007, Apple's beta was 1.2 and the risk-free rate was about 5.2%. Apple's price was $80.85. Apple's price at the end
At the beginning of 2007, Apple's beta was 1.2 and the risk-free rate was about 5.2%. Apple's price was $80.85. Apple's price at the end of 2007 was $191.83. If you estimate the market risk premium to have been 5.7%, did Apple's managers exceed their investors' required return as given by the CAPM?
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Authors: William Brueggeman, Jeffrey Fisher
16th Edition
1259919684, 978-1259919688
