@ = Homework: Chapter 12 Homework Question 12, P 12-36 (similar to) Part 1 of 3 HW Score: 16.67%, 2 of 12 points Points: 0 of 1 Save At the beginning of 2007 (the year the iPhone was introduced), Apple's beta was 1.2 and the risk-free rate was about 4,8%. Apple's price was $83.86. Apple's price at the end of 2007 was $19543. If you estimate the market risk premium to have been 65% did Apple's managers exceed their investors' required return as given by the CAPM? The expected return is % (Round to two decimal places.) > hcorrect