expected return

realized return

At the beginning of 2007 (the year the iPhone was introduced), Apple's beta was 1.3 and the risk-free rate was about 5.4%. Apple's price was $83.98. Apple's price at the end of 2007 was $191.38. If you estimate the market risk premium to have been 5.6%, 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 return is %. (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? Can't determine Yes No