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Suppose the risk-free return is 7.7% and the market portfolio has an expected return of...

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Finance

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Suppose the risk-free return is 7.7% and the market portfolio has an expected return of 10.8% and a standard deviation of 16%. Johnson \& Johnson Corporation stock has a beta of 0.29 . What is its expected return? The expected return is \%. (Round to two decimal places.) At the beginning of 2007 (the year the iPhone was introduced), Apple's beta was 1.1 and the risk-free rate was about 4.1%. Apple price was $80.83. Apple's price at the end of 2007 was $198.83. If you estimate the market risk premium to have been 6.5%. did Apple's managers exceed their investors' required return as given by the CAPM? The expected return is \%. (Round to two decimal places.)

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