Given formula:

Total returns = % change in price based on 1y target est (change from the ASK price) + % Div & Yield

1.

a.What is the total returns (ri) of AAPL?

b.Is there any difference between total returns and expected returns?

Apple Inc. (AAPL) Nasdaqs - NasdaqGs Real Time Price. Currency in USD Add to watchlist 2. Visitors trend 2w1 10w 9M 144.01 +2.01 (+1.41%) As of 1:04PM EDT. Market open. Summary Company Outlook Chart Conversations Statistics Historical Data Profile Financials Analysis Options Previous Close 142.00 2.3811 1D 5D 1M 6M YTD 1Y 5Y Max k Full screen 144.60 Open 143.06 Market Cap Beta (5Y Monthly) PE Ratio (TTM) 1.22 143.99 Bid 143.78 x 1400 28.20 143.60 Ask 143.79 x 800 EPS (TTM) 142.60 5.11 Oct 27, 2021- Nov 01, 2021 Day's Range 142.73 - 144.21 142.00 141.60 52 Week Range 107.32 - 157.26 Earnings Date Forward Dividend & Yield Ex-Dividend Date 0.88 (0.62%) Volume 36,618,887 Aug 06, 2021 10 AM 12 PM 02 PM Trade prices are not sourced from all markets Avg. Volume 81,453,715 1y Target Est 167.92 Near Fair Value Fair Value XX.XX 2% Est. Return View details Related Research Daily Spotlight: Final 2Q GDP Reading: +6.7%The U.S. Department of... 7 days ago. Argus Research A View more Chart Events Neutral pattern detected boonCommodity Channel Index View all chart patterns Performance Outlook Short Mid Term Term 2W-6W 6W - 9M Long Term 9M+ 1