Suppose the risk-froe retum is 6.7% and the market portlolio has an expected return of 9.6% and a standard deviation of 16\%. Johnson 8 Johnson Corporation stock has a beta of 0.28. What is its expected relurn? The expected return is k. (Round to two decimal places.) stion list At the beginning of 2007 (the year the iPhone was introduced). Applo's bota was 1.3 and the rick-ifne nate wiss about 5.5\%. Apple's price was \$81.55. Apple's price at the end of 2007 was $196.88. If you estimate ine marhar fak primicm to have been 5.4%, did Apple's managers oxceed their investors' requirod retum at given by the CAPM? uestion 1 The expected roturn is *. (Round to two docimat places.) Question 2 Question 3 Question 4 Question 5 Question 6