Dado Homework: Chapter ... Question 6, P 12-36 (sim... HW Score: 50%, 3 of 6 points O Points: 0 of 1 Save Question 6, P 12-36 (similar to) At the beginning of 2007 (the year the iPhone was introduced), Apple's beta was 1.3 and the risk-free rate was about 3.8%Apple's price was $84.44 Apple's price at the end of 2007 was $199.68. If you estimate the market risk premium to have been 6.5%, did Apple's managers exceed their investors' required return as given by the CAPM? The expected retum is % (Round to two decimal places.)