Te P 12-36 (similar to) Question Help Al the beginning of 2007 (the year the iPhone was introduced). Apple's beta was 1.1 and the risk tree rate was about 3.7%. Apple's price was $84.45. Apple's price at the end of 2007 was $199.82. if you estimate the market risk premium to have been 6.6%, did Apple's managers exceed their investors' required return as given bf the CAPM? The expected return is % (Round to two decimal places) Este P 12-28 (similar to) Question Help Suppose the risk-free return is 7.1% and the market portfolio has an expected return of 9.5% and a standard deviation of 10% Johnson & Johnson Corporation stock has a bota of 0.31 What is its expected return? The expected retumis % (Round to two decimal places.)