Question: The expected return was ____ % The realized return was ____ % Did Apple's managers exceed their investors' required return as given by the CAPM?

 The expected return was ____ % The realized return was ____ The expected return was ____ % The realized return was ____ % Did Apple's managers exceed their investors' required return as given by the CAPM? (yes / no)

At the beginning of 2014 , Apple's beta was 1.1 and the risk-free rate was about 3.8%. Apple's price was $82.44. Apple's price at the end of 2014 was $198.31. If you estimate the market risk premium to have been 5.9%, did Apple's managers exceed their investors' required return as given by the CAPM

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