At the beginning of 2007, Apples beta was 1.4 and the risk-free rate was about 4.5%. Apples

Question:

At the beginning of 2007, Apple’s beta was 1.4 and the risk-free rate was about 4.5%. Apple’s price was $84.84. Apple’s price at the end of 2007 was 198.08. If you estimate the market risk premium to have been 6%, did Apple’s managers exceed their investors’ required return as given by the CAPM?