At the beginning of? 2007, Apple's beta was 1.2 and the? risk-free rate was about 5.4%. ?Apple's price was $82.47. ?Apple's price at the end of 2007 was $193.42. If you estimate the market risk premium to have been 6.6%?, did? Apple's managers exceed their? investors' required return as given by the? CAPM?
What is the expected return?
What is the realized returned? Round to 2 decimal places