At the beginning of 2007 (the year the iPhone
was introduced), Apple's beta was 1.3 and the risk-free
rate was about 3.6%. Apple's price was $82.42. Apple's price at
the end of 2007 was $190.07. If you estimate the market risk
premium to have been 5.2%,did Apple's managers exceed
their investors' required return as given by
the CAPM?
At the beginning of 2007 (the year the iPhone was introduced), Apple's beta was 1.3 and the risk-free rate was about
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answerhappygod
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