The expected return is 10.74%. (Round to two decimal places.) The realized return is 141.17%. (Round to two decimal places.) (Select from the drop-down menu.) At the beginning of 2007 (the year the iPhone was introduced), Apple's beta was 1.3 and the risk-free rate was about 3.9%. Apple's price was $83.31. Apple's price at the end of 2007 was $190.39. If you estimate the market risk premium to have been 6.7%, did Apple's managers exceed their investors' required return as given by the CAPM? The expected return is %. (Round to two decimal places.)