Selected Question content area top Part 1 At the beginning of 2007 (the year the iPhone was introduced), Apple's beta was 1.52 and the risk-free rate was about 3.52 %. Apple's price was $82.29. Apple's price at the end of 2007 was $195.65. If you estimate the market risk premium to have been 6.31 %, did Apple's managers exceed their investors' required return as given by the CAPM? Question content area bottom Part 1 The expected return is 13.11%. (Round to two decimal places.) Part 2 The realized return is select: 137.74 137.74%. (Round to two decimal places.) Part 3 Did Apple's managers exceed their investors' required return as given by the CAPM?