P 12-36 (similar to) Question Help At the beginning of 2007 (the year the iPhone was introduced), Apple's beta was 1.4 and the risk-free rate was about 4.4%. Apple's price was $81.44. Apple's price at the end o 2007 was $195.91. you estimate he market risk premium o have been o 7%, did Apple's managers exceed their investors re return a given y the CAPM? The expected return is | |%. (Round to two decimal places.)