Atte beginning of 2007 (the year the iPhone was introduced), Apple's beta was 1.3 and the risk-free rate was about 43%, Apple's prioo was$81 04. Apple's prico atthe end of 2007 was $195.09. If you estimate the market risk premium to have been 6.5%, did Apple's managers exceed their investors' required return as given by the CAPM? The expected retum is (Round to two decimal places.) The realized retum+D%. (Round to two decimal places) (Select from the drop-down menu.) Did Apple's managers exceed their investors' required return as given by the CAPM? Enter your answer in each of the answer boxes. Save for Later MacBook Air esc FI 20 F3 2 4