At the beginning of 2007 (the year the phone was introduced. Apple's het was 13 and the risk free rate was about 43% Apple's price was $83.51 Aople's price at the end of 2007 was $19.00. If you estimate market risk premium to have been 57% did Apple's managers exceed their investos required retum as given by the CAPM? The expected return is (Round to two decimal places)