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Homework: Lab 11 Score: 0 of 1 pt 14 of 15 (3 complete) Problem 11-35 Question ricor At the beginning of 2014, Apple's beta was

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Homework: Lab 11 Score: 0 of 1 pt 14 of 15 (3 complete) Problem 11-35 Question ricor At the beginning of 2014, Apple's beta was 1.2 and the risk-free rate was about 4.9%. Apple's price was $80.48. Apple's price at the end of 2014 was $190.71. If you estimate the market risk premium to have been 5.1%, did Apple's managers exceed their investors' required return as given by the CAPM? The expected return was %. (Round to two decimal places.)

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