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At the beginning of 2007 (the year the iPhone was introduced), Apple beta was 1.4 and the risk free rate was about 4.8%. Apple's price
At the beginning of 2007 (the year the iPhone was introduced), Apple beta was 1.4 and the risk free rate was about 4.8%. Apple's price was at $84.52 Apple price at the end of 2007 was $193.47. If you estimate the market risk premium to have been 5.6% did the apple managers exceed their investors required return as given by the CAPM?
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Bond Markets Analysis And Strategies
Authors: Frank J.Fabozzi
7th Edition
0136078974, 978-0136078975
