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Suppose that you are trying the come up with a measure of the AAPL stock's Sharpe ratio over the next year. Assume that the risk-free

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Suppose that you are trying the come up with a measure of the AAPL stock's Sharpe ratio over the next year. Assume that the risk-free rate is 3%. For this purpose, you need a measure of conditional expected return of AAPL and volatility over the next year. You decide to use the CBOE Apple VIX index as your volatility measure which is currently at 47.5%. What is your estimate of AAPL's expected return for the next year if your Sharpe ratio estimate is 0.36? A. 25.7% B. 20.1% C. 12.6% O D. 23.1%

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