At the beginning of 2007 (the year the iPhone was introduced), Apple's beta was 1.1...
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Finance
At the beginning of 2007 (the year the iPhone was introduced), Apple's beta was 1.1 and the risk-free rate was about 5.2 % . Apple's price was $ 83.37 . Apple's price at the end of 2007 was $ 195.38 . If you estimate the market risk premium to have been 5.7 % , did Apple's managers exceed their investors' required return as given by the CAPM?
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