CAl the beginning of 2007 (the year the iPhone was introduced), Apple's beta was 1.1 and the risk free rate was about 5 2% Apple's price was 58054. Apple's price at the end of 2007 was $190 22. If you estimate the market risk premium to have been 6.4%, did Apple's managers exceed their investors' required return as given by the CAPM? The expected retum is % (Round to two decimal places)